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Tonight is a must-watch! The Fed's favorite inflation indicator is coming, with the U.S. Core PCE Price Index for June set to be released at 20:30 Beijing time. Yesterday's release of the annualized quarterly Core PCE Price Index for Q2 exceeded expectations, suggesting a potential rebound in inflation for June. However, if the data falls short of expectations, it could increase bets on a rate cut in September. Be wary of market fluctuations at that time.
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After a rapid pullback following the inertia probe on the 4-hour Bitcoin chart, this is a typical wash trading technique. When it looks strong, it doesn’t last; when it looks weak, there is recovery. Accompanied by repeated back-and-forth washing, there is no strong one-sided movement, although it is currently rebounding upwards. However, the daily chart has not shown a one-sided trend. The short-term has intensified the fluctuations, and with the daily and 4-hour charts closing lower with consecutive bearish candles, the K-line pattern leans towards a pullback first, and a re-test of the low point of the second wave is not ruled out. Pay attention to yesterday's low point tonight; if it breaks directly, it indicates a continuation of weak pullbacks in the short term. The back-and-forth switching between long and short positions requires flexible responses based on patterns, and in a fluctuating market, the price points are more critical than the direction. Ethereum's operations are linked to Bitcoin! #成长值抽奖12期开启# #白宫加密报告发布#