Whether Bitcoin can rise or not needs to pay attention to these two data. Don't doubt it, the bull market is still there!

(Strategy Introduction)

1. US Gross Domestic Product (GDP)

The US gross domestic product (GDP) for the first quarter of 2024 will be released on Thursday (June 27), Taiwan time, which is 20:30 tonight. The forecast is 1.3%, and the previous value is 3.4%. If the indicator is higher than expected, it is considered that the US dollar is strong/rising, otherwise it is considered that the US dollar is weak/falling.

2. US Personal Consumption Expenditures (PCE)

The US personal consumption expenditures (PCE) data for May will be released at 8:30 pm on Friday (June 28), Taiwan time. The forecast is 2.6%, and the previous value is 2.8%.

Since the beginning of this year, Fed Chairman Powell and his officials have said that because inflation has not yet reached the target, high interest rates will continue for some time. PCE is the inflation indicator that the Fed pays the most attention to.