On May 30th, the United States will release April PCE data, which is the most closely watched inflation indicator by the Federal Reserve. The market expects the PCE year-on-year increase to be 2.2%, with core PCE year-on-year increase at 2.6%. The sequential growth rate remains low, at a low that inflation pressure but has sldown. However. Howeverough, tariff effects are beginning to permeate, and inflation may rebound in the coming months, raising market concerns about a new inflation cycle.
Additionally, the growth rate of personal spending and income in April has slowed down, indicating a decline in demand. Investors are focusing on whether the Federal Reserve will adjust its policy stance, and the market's expectation of a September rate cut has dropped from 68% to 47%.
Bitunix analyst recommendations:
The current inflation data has slightly cooled but remains above the target. Combined with policy and confidence disparities, the market is likely to enter an oscillating period with unclear direction. BTC should focus on the effectiveness of the $104,800 support level in the short term, with liquidity accumulating below. Resistance is at $110,000. It is recommended to observe tonight's PCE results and market reaction, approach with caution, prepare for potential volatility, and manage risks and asset allocation.
