CoinEx Daily: Bitcoin Stabilizes With Crypto Cautious Ahead of PCE and Fed Rate Path

Daily View

Bitcoin traded in a choppy range around $76,500-$77,000, with price action stabilizing after recent weakness but still showing limited conviction as traders wait for clearer macro direction. Macro conditions were mixed: softer oil and firmer Asian equities offered some relief, while upcoming PCE, jobless claims, and housing data kept Federal Reserve rate-cut expectations in focus against a still-important dollar and broader risk sentiment backdrop. Overall crypto market sentiment remained cautious but not disorderly, with ETF outflows and geopolitical uncertainty tempering risk appetite even as some analysts pointed to rotation rather than a full exit from the asset class.