$BTC The PCE data was released last night, hitting a three-year low with a year-on-year growth rate of 2.8%, in line with the expected 2.8%. Overall, it is as expected.
Once the data was released, BTC broke through $69,000, reaching the $69,040 mark, but quickly surged back to around $67,000 for a shakeout. The announced PCE is a monthly index, with an overall impact that is not as high as the annual rate, so it can only be considered as slightly favorable information, not super bullish. Nonetheless, there is no bad news. The low point hit around $66,650, and currently it is fluctuating near $67,000. If we don't have profits in hand, there's no need to worry. Do not waver on the varieties you have positioned for profit from now on, even if the profits are low.
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$BTC The PCE data was released last night, hitting a three-year low with a year-on-year growth rate of 2.8%, in line with the expected 2.8%. Overall, it is as expected.
Once the data was released, BTC broke through $69,000, reaching the $69,040 mark, but quickly surged back to around $67,000 for a shakeout. The announced PCE is a monthly index, with an overall impact that is not as high as the annual rate, so it can only be considered as slightly favorable information, not super bullish. Nonetheless, there is no bad news. The low point hit around $66,650, and currently it is fluctuating near $67,000. If we don't have profits in hand, there's no need to worry. Do not waver on the varieties you have positioned for profit from now on, even if the profits are low.