In-depth comments on evening data:
In the data just released, the personal consumption expenditure price index (PCE) was in line with expectations, and its impact was relatively limited. The monthly rate of personal expenditure was lower than expected, which is undoubtedly good news.
It is worth noting that economists at JPMorgan Chase pointed out that the Federal Reserve is very likely to cut interest rates by 50 basis points again in November. At present, we are at the beginning of a global flood of money. Against this background, it is only a matter of time before Bitcoin (BTC) returns to its previous highs.
Here, I remind everyone to hold on to the chips in their hands and not miss the opportunity because of a momentary impulse.