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According to BlockBeats, on August 1st, the core PCE annual rate for June in the United States recorded 2.8%, higher than expectations and the previous correction, marking the fastest inflation growth rate since February. At the same time, the overall PCE and consumer spending have risen synchronously, highlighting the resurgence of inflationary pressures, while the weak labor market and stagnant real income have strengthened the risk of economic slowdown. The market expects that this Friday's employment report will further confirm the decline in recruitment momentum, adding uncertainty to the policy path. In terms of BTC, the daily chart shows that the price has gradually converged after consolidating at a high level. Currently, the triangle end of the downward trend line and horizontal support is being tested, with short-term pressure in the 118500-118800 area and strong support in the 116300 area. The heat map of liquidation shows a large number of liquidation buying orders gathered below 117000, with a stable support structure, but the selling pressure above 120000 has not weakened. BitUnix analysts suggest: The rebound in PCE in June added inflation uncertainty, coupled with the market waiting for Trump's new tariff policy, resulting in an overall bearish risk. The BTC market is at the end of the convergence triangle and may face direction choices in the short term. It is recommended not to chase the price for now and observe whether it effectively breaks through 118800 or falls below 116300 before making a layout.