Bitunix analyst: US PCE inflation rebounded in June + tax hike risks intensified, BTC tested the end of the pressure triangle, and short-term support remained stable at 117,000

Mars Finance News, on August 1st, the US June core PCE year-on-year rate was recorded at 2.8%, higher than expected and the revised previous value, marking the fastest inflation growth since February. Meanwhile, the overall PCE and consumer spending simultaneously rose, highlighting the resurgence of inflation pressure, while a weak labor market and stagnant real income further reinforce the risk of economic slowdown. The market expects this Friday's employment report will further confirm the decline in hiring momentum, adding uncertainty to the policy path. In terms of BTC, the daily chart shows that prices have gradually converged after consolidating from high levels, currently testing the end of a descending trendline and horizontal support triangle, with the 118,500-118,800 area serving as short-term pressure and 116,300 as strong support. The liquidation heat map simultaneously shows a large number of liquidation buy orders gathering below 117,000, with the support structure still stable, but selling pressure above 120,000 remains undiminished. Bitunix analysts suggest: The June PCE rebound adds inflation uncertainty, coupled with the market waiting for Trump's new tariff policy, the overall risk leans towards bearish. BTC is at the end of a converging triangle, and may face a directional choice in the short term. It is recommended not to chase prices, but to observe whether there is an effective breakthrough above 118,800 or a drop below 116,300 before making a layout.