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#数字资产市场动态 The US November Core PCE Price Index will be released tonight at 23:00, and this data often has an outsized impact on the cryptocurrency market. As an important reference for Federal Reserve decisions, it directly influences liquidity expectations and investor risk appetite.
There are three possible scenarios:
**Below Expectations Scenario** (Core PCE annual rate < 2.8%): The market will quickly price in the probability of the Fed cutting interest rates early. The liquidity released by a weakening dollar usually drives $BTC and $ETH to surge rapidly. From a technical perspective, BTC may attempt to test the 92,000 level, while ETH could extend above 3,100.
**Above Expectations Scenario** (Core PCE annual rate > 2.8%): The opposite happens. Expectations of the Fed maintaining high interest rates will strengthen, the dollar remains relatively strong, and risk assets come under pressure. BTC might retest the support around 88,000, and ETH could face resistance near 2,900.
**In Line with Expectations Scenario**: Volatility tends to be relatively moderate, with a higher probability of range-bound fluctuations. However, it’s important to note that after the data release, there is often a tendency for funds to manipulate sentiment and shake out traders, so beware of false breakouts.
Such macroeconomic data releases are indeed windows for capturing short-term market moves. The key is to manage risks well—whether the news is bullish or bearish, there are tricks involved. The most important thing is execution and risk control discipline.