Did the Federal Reserve suddenly back down? September core PCE unexpectedly fell, and the cryptocurrency market is about to explode ahead of schedule!
Crypto friends, something big has happened! Last night, the U.S. released the September core PCE data, and the year-on-year rate surprisingly dropped to 2.8%, hitting a three-month low! The market originally expected it to stay at 2.9%, but now, the Federal Reserve's favorite inflation indicator has unexpectedly 'softened'.
Once this data came out, I directly slammed the table: the cryptocurrency market, which has been holding back for so long, may be about to explode! Why? Because the drop in inflation means that the pressure for the Federal Reserve to raise interest rates is lessening, and the nightmare of tightening liquidity is dissipating—liquidity is the true 'oxygen' for the cryptocurrency market!
Do you remember when the CPI data was released last year and Bitcoin surged 10% in a single day? This time, the signal from the data is more subtle, but more critical! This is not just a simple number; it's a 'preliminary battle' indicating a possible shift in the Federal Reserve's attitude. Once the market confirms that the interest rate hike cycle is over, the massive funds trapped in government bonds and U.S. dollars will first rush towards Bitcoin and Ethereum!
What should retail investors do now? Don't chase after a rise and cut losses after a fall! The most important thing now is to hold onto the low-position chips you have, especially Bitcoin and Ethereum! If your position is light, take advantage of the market not fully reacting yet and gradually build your position during pullbacks; don't wait until the whole network is shouting 'bull market' to regret it.
Remember, the real market always sprouts in despair and explodes in hesitation. The data is cold, but the market's emotions are hot—only those who can endure the fluctuations can await the main upward wave.
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