Bitunix Analyst: PCE Slightly Dovish Turn Boosts Rate Cut Expectations, BTC Holds $89K to Enter Key Rebound Window

December 6th The U.S. released delayed September PCE inflation data yesterday: core PCE year-over-year hit 2.8%—a five-month low, slightly below market forecasts. That gives the Fed more leeway to cut rates at its December meeting. Overall, inflation’s showing a “slowing but not fully tamed” trend. Markets are now betting on a “soft landing” scenario: the U.S. dollar index keeps sliding, U.S. Treasury yields are falling, and U.S. stocks are extending a modest rally. But the crypto market has decoupled from equities. Bitcoin briefly dipped to roughly $87k after the data drop, swinging 3% over 24 hours. This was driven mainly by options expirations, MicroStrategy-related pressure, and Asian market volatility—not inflation itself. Major coins pulled back in sync, but BTC ETFs still saw net inflows of nearly $60 million. That signals institutional buying hasn’t faded, and market panic has eased from extreme levels to neutral territory. In the short term, BTC’s key support zone is $89k–$90.7k. If it holds here, the uptrend still has room to run. Resistance above sits at $94.4k and $97k; in a dovish environment, a rebound window could open. A break below $89k would trigger a technical correction, with $85k as the next level to watch. This week’s focus is the December 10 FOMC meeting—rate cut expectations are already largely priced in, so markets will shift to data validation afterward. **Bitunix Analyst:** Inflation cooling adds a mild positive to markets, but crypto fund structures are sensitive and prone to event-driven shocks. Near-term, it’s still a tug-of-war between macro tailwinds and internal noise. Whether BTC holds above $89k will determine if it can catch the year-end rally momentum from looser policies. Going forward, fund flows and shifts in risk appetite will be key indicators to watch.