Tomorrow, the U.S. will release its Personal Consumption Expenditures (PCE) data, an important inflation indicator used by the Federal Reserve to shape monetary policy.
If the data shows inflation higher than 3.5%, the stock market may decline, which could lead to risky assets like Bitcoin (BTC) dropping to between $55,000 and $58,000. On the other hand, if inflation comes in lower than 3%, markets may rally, potentially pushing Bitcoin's price up to $65,000 to $68,000 or even higher. Last PCE data was at 2.6%, resulting in mixed reactions in the markets. Traders should be prepared for quick changes in sentiment due to tomorrow's data.
#HMSTRonBinance #BinanceLaunchpoolHMSTR #BTCâ #DOGSONBINANCE #BTCReboundsAfterFOMC $ETH $HMSTR
