The PCE data at 8:30 last night, whether the Fed will cut interest rates twice or three times this year depends on it. Currently, the market expects the PCE to rise moderately; as long as it meets or exceeds expectations, the overall tone of cutting rates three times this year will remain unchanged, and the market is expected to welcome a rebound. However, there is also a probability that the PCE will exceed expectations, but Trump places great importance on this indicator and interest rate cuts, so even if the data is poor, it should be slightly beautified.

In addition to the PCE, there will also be the Consumer Confidence Index and the one-year Inflation Expectation Index released at 10 PM last night, which are also very critical. If this indicator has issues, it would be quite serious. Currently, the market expectation is that this indicator remains unchanged, looking relatively mild. If everything meets expectations, there should be a Rebound; however, Bitcoin's stronger support still lies around 107,000 and 106,000, with very large buy orders hanging around here. Then, we will have to wait for the specific results of the data tonight until they are released at 10 PM, which may lead to significant fluctuations. Hope everything goes smoothly!