BTC 90K Area Becomes Key Battleground Ahead of U.S. PCE Inflation Data

As per Blockbeats, on December 5, the U.S. will release the September PCE inflation data, a key indicator for the Federal Reserve's monetary policy. The outcome will directly influence the December interest rate decision, with a 87% probability of a 25-basis-point rate cut. Market expectations for the core PCE annual growth rate are around 2.8%, slightly above the target but showing a cooling trend. If the data falls below expectations, it may reinforce the narrative of a 'soft landing' and the formation of a loose monetary cycle. On a macro level, the recent weak ADP employment data has made the market more sensitive to inflation results. A reading in line with or below expectations could weaken the dollar and support risk assets; a higher-than-expected result may push up U.S. Treasury yields and weaken rate-cut expectations, causing short-term capital to avoid high-volatility assets. The overall sentiment remains cautious, with liquidity waiting for the event to settle before further positioning. The crypto market continues in a consolidation phase, with BTC trading at around $92,000. Short-term reactions to the PCE data are expected to drive a 3–5% price swing. Resistance is at 93,800–95,400, while support is at 90,700 and 89,000. Bitunix analysts note that before the PCE data is released, the market is in a compressed, watchful structure, with BTC's key battleground between 91,000 and 95,000.