At 8:30 tonight, the United States will release the core PCE inflation data for April, with an expected value of 2.8% and a previous value of 2.8%. This set of inflation data is very important. If Bitcoin wants to regain its footing above 70,000, it needs a data push. In an environment where liquidity is not so abundant, funds will only follow if there are obvious positive factors in the market. Ming Ge believes that tonight's PCE inflation data will most likely be in line with expectations or even lower than expectations, and the turning point of interest rate cuts is about to appear, so be patient and wait.