December 6th. The U.S. released the delayed September PCE inflation report yesterday, with core PCE easing to 2.8% YoY—a five-month low and slightly below the upper bound of market expectations. The data gives the Fed more room to cut rates in December and reinforces a「cooling but not fully resolved」inflation backdrop. Markets quickly priced in a soft-landing narrative: the dollar extended its decline, Treasury yields fell, and equities continued to climb.Crypto, however, decoupled from equities. BTC briefly dropped toward $87,000 after the release, with intraday volatility reaching 3%. The move was driven more by options expiry, MicroStrategy-related flows, and Asia-session volatility than by inflation itself. Major altcoins also pulled back, though BTC ETFs still saw nearly $60M in net inflows—signaling institutions have not stepped back and fear sentiment has normalized from extreme to neutral.In the near term, BTC』s key support lies in the 89,000–90,700 zone. As long as this range holds, the structure retains room for upside extension. Resistance sits at 94,400 and 97,000; in a dovish macro environment, these levels could form the next rebound window. If 89,000 breaks, however, a deeper correction toward 85,000 becomes likely. Attention now shifts to the December 10 FOMC meeting—with most rate-cut expectations already priced in, markets will rely more heavily on incoming data for confirmation.Bitunix Analyst View:Cooling inflation provides a mild macro tailwind, but crypto remains highly sensitive to event-driven flows. Short-term action is a tug-of-war between macro optimism and internal market noise. Whether BTC can firmly hold above 89,000 will determine if it can capture year-end momentum from policy easing. Capital rotation and shifts in risk appetite will be the key signals to watch.