After the US March CPI data was released, Bitcoin briefly rose to 73.000 US dollars, attempting to update a new high level. The data shows that overall US inflation was slightly below market expectations, but energy prices surged sharply, forming a differentiation signal. Specifically, US March CPI rose 3,3% year-on-year, with month-on-month data 0,1% lower than expected; among them, energy prices rose 10,9%, gasoline prices jumped 21,2% month-on-month, recording the largest monthly increase since 1967.

The reaction of the financial markets was relatively measured, US stocks opened nearly flat, and Bitcoin also showed no significant fluctuations. Meanwhile, influenced by previous PCE data, the market has almost fully ruled out the possibility of a short-term interest rate cut by the Federal Reserve. On the trading side, analysts believe that Bitcoin is currently in a tightening range, and if it soon attacks the key high point again, the market reaction will become an important signal for the next move, while the area around 74.000 US dollars is considered a key liquidity zone. $BTC