#10月加息预期回落，今晚PCE成关键
The US just finished its report, and BTC first surged to $85,000 😂
Following up on the previous message, two reports are out tonight:
ADP added 90,000 jobs, higher than the expected 70,000, showing employment is quite resilient.
Core PCE month-over-month is 0.2%, below the expected 0.3%; year-over-year 3.0%, also below the expected 3.3%. Inflation isn’t as hot as anticipated.
But the earlier mentioned "revision" did come: last month’s core PCE month-over-month was revised down from 0.2% to 0.1%. This time it’s better than expected, not lower than last month.
The crypto market has already rallied, BTC broke through $85,000, and the market has given its first reaction.
However, breaking through and holding are two different things; the first wave of gains doesn’t mean tonight’s rally is over.
A bold guess: if BTC can hold $85,000 tonight, it might touch $86,000 on the first day of the National Day holiday.
The holiday hasn’t started yet, but the bulls are already at work? 😂
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