Hey fam, the U.S. Core PCE data for tonight is out: The U.S. June Core PCE Price Index YoY came in at 3.3%, down from last month’s 3.4%, and in line with market expectations. MoM was 0.1%, lower than the market expectation of 0.2%, and the previous value of 0.3%. Bitcoin’s price has already rebounded in advance, pricing it in early. It’s now at the upper resistance level, around 65,500. I think it’s a good time to consider shorting $BTC. Let’s break down the core PCE data together: The data is cooling off and matches expectations, indicating inflation is indeed easing. This reduces the urgency for the Fed to hike rates further. The MoM figure of 0.1% is significantly lower than expectations and the previous value, casting some doubt on the hawkish stance from the Walsh press conference. At least for now, the data doesn’t support an immediate rate hike. For the crypto market, this is a relatively bullish signal. The previously feared scenario of “PCE exceeding expectations → September rate hike expectations rising further” didn’t happen. The bearish case didn’t materialize, and the data is actually softer than expected. Current price is around 64,800. With this data out, one short-term suppressing factor has been removed. Next, we’ll need to see how the market digests the “in line with expectations” result—whether it’s interpreted as “bearish case priced in” or “still not good enough.” At the very least, tonight’s biggest uncertainty has been resolved. But don’t get too excited yet—bullish momentum isn’t strong enough, and there’s no secondary volume breakout. Buying pressure is still weak. Personally, I think the best strategy moving forward is: short Bitcoin at the highs.