Bitunix analyst: PCE inflation data is about to be released, the crypto market is experiencing fluctuations and consolidation, follow the 104.8K support and the divergence in policy expectations.

BlockBeats News, on May 30, the United States will release the April PCE data, which is the inflation indicator that the Federal Reserve pays the most attention to. The market expects PCE to grow by 2.2% YoY and Core PCE to grow by 2.6% YoY, with the sequential growth rate remaining low, indicating that inflationary pressures are still in place but have slowed. However, the tariff effect is starting to trickle in, and inflation is likely to pick up in the coming months, raising market fears about a new inflation cycle. In addition, personal spending and income growth slowed in April, indicating a pullback in demand. Investors are focused on whether the Fed will adjust its policy stance, and market expectations for a rate cut in September have fallen from 68% to 47%. Bitunix analysts suggest that the current inflation data has cooled slightly but is still above the target, and with the divergence of policy and confidence, the market is prone to fall into a period of unclear direction. BTC short-term focus on the validity of the $104,800 support zone, with liquidity piling up below. The upper pressure is at $110,000. It is recommended to observe tonight’s PCE results and market reactions, respond cautiously to potential volatility, and be prepared for risk control and asset allocation.