The September core PCE data, which will be released tonight, could become a key variable that stirs up the market.

As the last major inflation indicator before the Fed's policy meeting next week, the market widely expects the annual rate to remain stable around 2.9%. If the data meets expectations or is even lower, the 87% probability of a rate cut will become even more solid—clearly not bad news for risk assets.

Currently, BTC is oscillating around $92,000, and traders are all waiting for this data to drop. The key to short-term trends is: will the data reinforce the narrative of "waning inflation and policy shift," or will it pour cold water on the market?

That said, data-driven market moves have always been both exciting and risky. Whether you are bullish or bearish, you need to be prepared for unexpected volatility. After all, the market never follows the script, and surprises are common.