The PCE data has finally provided some relief, and this short-term trading opportunity couldn't have come at a better time.
BTC is now most likely to surge to $95,000, and if luck is on our side, hitting $100,000 isn't out of the question. But don't celebrate too soon— the larger cycle is still in play, and you need to stay cautious for the long run.
Looking back at the data: Core PCE dropped to 2.6% in February this year, but rebounded to 2.8% in June, and stayed at a high 2.9% for both July and August. Now, the September data has retreated to 2.8%, breaking the stalemate. This signal suggests that inflationary pressure may be easing again, and at the very least, short-term market sentiment will get a boost.
That said, an improvement in the macro environment doesn't mean a trend reversal. Short-term trading is fine, but be careful about chasing highs.
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CoffeeNFTrader
· 14h ago
Getting excited over 2.8%? I don't see anything new in this data; it's pretty much the same as the past two months. This market rebound is just a game of sentiment.
Those who dare to chase up to 100,000 are mostly going to be left holding the bag.
There is indeed a short-term window, but don't get blinded by the 95,000 figure—this kind of market is the easiest for retail investors to get rekt.
PCE easing is one thing, but the Fed's stance is what really matters. It's too early to place bets now.
Let's just wait and see how many people sell at a loss at 98,000, haha.
This rebound doesn't feel as strong as expected; money is flowing into stablecoins.
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LiquidityWizard
· 14h ago
I don't dare to bet at 95,000, but the psychological price point of 100,000 is really tempting.
You're absolutely right. When PCE eases, people want to chase the highs, and then it crashes hard again. I'm honestly tired of watching it.
It's a paradise for short-term traders, a hell for long-term holders, and the ones who swing back and forth in between suffer the most.
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ImpermanentLossFan
· 15h ago
95,000 is a bit conservative. I think there's no problem for this wave to break through 100,000 directly.
The PCE data has finally provided some relief, and this short-term trading opportunity couldn't have come at a better time.
BTC is now most likely to surge to $95,000, and if luck is on our side, hitting $100,000 isn't out of the question. But don't celebrate too soon— the larger cycle is still in play, and you need to stay cautious for the long run.
Looking back at the data: Core PCE dropped to 2.6% in February this year, but rebounded to 2.8% in June, and stayed at a high 2.9% for both July and August. Now, the September data has retreated to 2.8%, breaking the stalemate. This signal suggests that inflationary pressure may be easing again, and at the very least, short-term market sentiment will get a boost.
That said, an improvement in the macro environment doesn't mean a trend reversal. Short-term trading is fine, but be careful about chasing highs.