🎉🎉Good news! XT Research Institute recently announced that the U.S. Department of Commerce will release a series of important data at 20:30 (Singapore time) on May 31, 2024, including the annual rate of the U.S. core PCE price index, the monthly rate of personal expenditures, and the monthly rate of the core PCE price index in April. 📊📈

Among them, the most worthy of our attention is the annual rate of the U.S. core PCE price index in April. This data has the greatest influence and is the most important. The market generally expects that the impact of this data will be transmitted to the U.S. dollar index, U.S. Treasury yields and interest rate cut expectations, and may affect the risk market and the cryptocurrency market. 🔍🔍

The previous value and forecast value of this data are both 2.8%. If the published value is greater than the expected value, it will be good for the U.S. dollar, bad for non-U.S. currencies, good for Treasury yields, bad for interest rate cut expectations, good for interest rate hike expectations, bad for risk markets, and bad for cryptocurrency markets. 📉📉

Although this news may have a negative impact on the cryptocurrency market, we are still confident in the future of Bitcoin! 💪💪 Let's look forward to the release of this data and see how it will affect our market! 🚀🚀