Tonight, the United States released the core PCE (Personal Consumption Expenditures) data for August, with an annual rate of 2.9%, exactly matching market expectations. The release of this data immediately triggered a reaction in the financial markets. The dollar exchange rate fell, while the price of Bitcoin quickly rebounded from below $19,000, briefly reaching the level of $19,500.

The market reaction to the release of such macroeconomic data creates rare opportunities for short-term contract traders. Before the data is announced, the market generally takes a wait-and-see attitude, leading to low volatility. However, once the data is released, prices will respond significantly based on its quality. Experienced traders often set up two-way breakout orders in advance to capture the initial market movement in either direction.

However, the duration of this rebound is not long, indicating that the overall market sentiment remains cautious. Considering that the market has already experienced a certain degree of decline this week, just a set of expected inflation data is not enough to completely reverse the market trend. For short-term traders, the key is to be able to quickly enter and exit the market, capturing the intense volatility in the first few minutes after the data release.

Nevertheless, this incident once again highlights the influence of macroeconomic data on the cryptocurrency market. Investors and traders need to closely monitor these economic indicators, as they may trigger significant price fluctuations in the short term. At the same time, this also reminds us that when engaging in cryptocurrency trading, we should not only pay attention to developments within the industry but also fully consider the broader economic environment factors.