Tonight at 8:30 PM, PCE Data Preview – ETH Closely Monitors This Data

Brothers, the internal community has provided the strategy in advance. If you want to follow, check my QQ on my homepage. There's no minimum investment to follow and you can enjoy high returns. Just join the platform! It's been a day of volatility, everyone's waiting for the US July core PCE data at 8:30 PM tonight. This is the Fed's preferred inflation indicator and will directly affect interest rate expectations. Expectations: Overall PCE +0.07% month-on-month, 3.6% year-on-year; core PCE +0.18% month-on-month, 3.20% year-on-year. However, portfolio management fees in the July core PPI jumped 6.5%, so there's a risk of the core PCE exceeding expectations tonight. The Q2 GDP revision (initial value 1.5%) will also be released. A significant downward revision would reinforce the "economic slowdown" narrative. Impact on ETH: • PCE higher than expected → US Treasury yields rebound, dollar strengthens, ETH faces downward pressure, support at 2400-2430. • PCE in line with or lower than expected → Reinforces easing expectations, helping ETH hold above 2500, target 2550-2580. Current market conditions: ETH is currently priced between 2450 and 2463. After surging to 2533 yesterday, it fell sharply, a typical sign of profit-taking ahead of data releases. The RSI is overbought, indicating excessive short-term gains; any unexpected signals could trigger a rush of long positions and liquidation. Trading strategy: Volatility will be drastically amplified before and after data releases; strictly control position size and use stop-loss orders. Tonight is just the appetizer; Nvidia's earnings report tomorrow morning is the real main event. Following the trend after the data release is a safer approach than betting on the direction. Join us at 8:30 PM tonight to see what the data brings.