BlockBeats News, December 5 — The US will release September PCE inflation data tonight. As the Fed’s most closely watched price indicator, this result will directly impact the December interest rate decision. Currently, the probability of a 25-basis-point rate cut remains at 87%. The market expects the core PCE year-over-year growth rate to be around 2.8%, slightly above the target but continuing the cooling trend. If the data comes in below expectations, it will reinforce the market narrative of a “soft landing” and the formation of an easing cycle. On the macro side, yesterday’s weaker ADP employment data has made the market more sensitive to this inflation result. Results in line with or below expectations will weigh on the US dollar and support risk assets; if above expectations, renewed sticky inflation could push up US Treasury yields, weaken rate-cut expectations, and trigger short-term capital flight from high-volatility assets. Overall sentiment is cautious, with liquidity on hold pending event outcomes before new positioning. The crypto market continues its choppy pattern, with BTC trading around $92,000. In the short term, the PCE reaction is expected to drive 3–5% volatility. The upper resistance is at $93,800–95,400; if the data is dovish, a quick test of these levels is likely. If the data is hawkish, the support zones at $90,700 and $89,000 will face pressure testing. Technically, the outlook is neutral to slightly weak, with futures buying dominant and spot demand still limited. Bitunix analysts: Before the PCE is released, the market has entered a compressed volatility, wait-and-see structure, with the BTC long-short core battleground concentrated in the $91,000–95,000 range. If the data confirms continued inflation decline, it will increase the probability of a year-end rebound; otherwise, the choppiness will persist, and capital flows will shift back toward defensive and short-term allocations.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
US Lawmakers Unveil Crypto Tax Plan With No Bitcoin Exemption
An early-stage discussion draft released by U.S. lawmakers seeks a comprehensive overhaul of how digital assets are taxed, aiming to clarify treatment across a range of activities—from stablecoins to lending and staking. Introduced as a conversation starter rather than a bill, the Digital Asset
CryptoBreaking16m ago
Bitcoin Price Analysis: How Low Can BTC Fall After Losing $66K?
Bitcoin has entered a delicate phase. It is testing the lower boundaries of its recent consolidation after a significant retracement from late-2025 highs. Market structure now suggests a potential accumulation zone is forming, with short-term swings contained within a widening channel.
However,
CryptoPotato22m ago
Retail Sentiment Turns Bearish While Bitcoin Holdings Rise Across Both Small and Large Wallets
Bitcoin (BTC) suffered a fresh decline of nearly 4% on Friday as it slipped to $66,200, as conditions in the Middle East conflict remain extremely fragile.
Against this backdrop, retail traders grow increasingly bearish on the leading cryptocurrency, yet accumulation from different cohorts
CryptoPotato26m ago
Bitcoin Volatility Rising Again — Investors Are Turning to Everlight Shards for Passive BTC Rewards
Bitcoin opened 2026 with a brief window of relative calm — and then the market remembered what it does best. Geopolitical tensions, a derivatives market running on elevated leverage, and a macro environment still digesting shifting interest rate expectations have combined to push Bitcoin’s
CryptoPotato30m ago
Bitcoin in ‘later stages’ of bear market: Watch these BTC price levels
Bitcoin (BTC) sellers resumed their activity on Thursday as the BTC price slipped below the $70,000 mark.
Analysts said that Bitcoin showed signs of a bear market in its last stages, due to extreme fear and elevated realized and unrealized losses.
Key takeaways:
Bitcoin enters the last stages
Cointelegraph32m ago
Bitcoin’s $67.9K Weekly Open: Hold or Cascade?
_Bitcoin’s weekly open at $67.9K is the line traders are watching. Lose it and $65K looms. Hold it, and $69.5K becomes the next target._
Bitcoin dropped 4.5% this week. That number is not just a bad day on the charts. It points to something that traders following the structure have been watching
LiveBTCNews1h ago
