The PCE index is coming out tonight; I wonder where $BTC will go 🔥
To be honest, analyzing macroeconomic indicators at the moment is mainly about whether the bias is bullish or bearish.
For example, if the sentiment is bullish 💪:
- PCE index decreases => FED will lower interest rates soon => asset classes rise.
- PCE index increases => inflation is not good => currency devalues => hold safe assets (asset classes rise).
For example, if the sentiment is bearish 👎:
- PCE index decreases => inflation decreases, meaning the currency does not devalue => cash is king => cash-out.
- PCE index increases => currency devalues => FED continues to maintain high-interest rates => market crash 😂
Therefore, it's all about what the media wants to convey to you.
