COINOTAG News reports that the U.S. will release the PCE inflation data tonight, the Fed‘s main price gauge. The outcome will shape the December rate decision and the odds of a 25bp cut around 87%.
Macro notes: yesterday’s soft ADP employment data heighten sensitivity to the release. A line-in-line reading could weaken the dollar and lift risk assets, while a hotter print may push yields higher and temper rate-cut expectations.
In crypto, BTC trades in a choppy lane near $92,000. Short-term PCE volatility is estimated at about 3–5%. Resistance sits at $93,800–95,400; a dovish print could test this zone, while hawkish data could pressure $90,700 and below.
Analysts view a cautious, wait‑and‑see setup ahead of the release. BTC’s battleground spans 91,000–95,000; continued easing would lift year‑end risk appetite, otherwise markets may stay rangebound with shifts toward defensive, shorter‑duration positioning.
Source: https://en.coinotag.com/breakingnews/bitcoin-btc-trades-in-a-narrow-91k-95k-range-as-us-pce-data-shapes-fed-rate-cut-bets
