At 8:30 tonight, the US will release the core PCE inflation data for April, which is expected to be 2.8%, and the previous value was 2.8%. This set of inflation data is very important. $BTC
If you want to regain your footing above 70,000, you need data to push it. In an environment where liquidity is not so abundant, only when the market is obviously positive will funds follow.
Tonight's PCE inflation data is likely to meet expectations or even be lower than expectations. The turning point of interest rate cuts is about to appear, so wait patiently.