Bitunix analyst: PCE slightly dovish, expectations for rate cuts rise; BTC holds above $89,000, entering a key rebound window.

According to Mars Finance, on December 6th, the US released its delayed September PCE inflation data. The core PCE annual growth rate fell to 2.8%, a five-month low and slightly below market expectations, providing more room for the Federal Reserve to cut interest rates in December. Overall inflation showed a pattern of "slowing but not completely out of danger." The market thus priced in a "soft landing": the dollar index continued to fall, US Treasury yields declined, and US stocks continued their moderate rise. However, the cryptocurrency market decoupled from the stock market. Bitcoin briefly fell to around $87,000 after the data release, fluctuating by about 3% in 24 hours, mainly due to the combined effects of option expiration, pressure from MicroStrategy, and volatility in Asian markets, rather than inflation itself. Major cryptocurrencies also retreated, but the BTC ETF still recorded a net inflow of nearly $60 million, reflecting that institutional buying had not withdrawn, and market panic had recovered from extremes to a more neutral range. In the short term, key support for BTC lies in the 89,000–90,700 area. As long as this level holds, the structure still has room for further extension. Resistance levels are at 94,400 and 97,000, where a rebound is expected in a dovish environment. If 89,000 is breached, a technical correction towards 85,000 should be anticipated. This week's focus shifts to the FOMC meeting on December 10th. Rate cut expectations have been largely priced in, and the market will rely more heavily on data verification going forward. Bitunix analysts: Cooling inflation injects a mild positive into the market, but the crypto funding structure is sensitive and susceptible to event-driven shocks. The short-term situation remains a tug-of-war between "macroeconomic positives" and "internal noise." Whether BTC can hold above 89,000 will determine whether it can capitalize on the year-end rally momentum brought by policy easing. Fund flows and changes in risk appetite will be key indicators to observe going forward.