This week, the US CPI data showed a trend of slowing inflation. The CPI in April reached 3.4%, and the year-on-year growth rate of the core CPI fell to the lowest point in three years. This positive change has eased the pressure on the Federal Reserve to cut interest rates.

The market generally expects that the Federal Reserve will cut interest rates by 52 basis points this year, and the possibility of a rate cut in September is as high as 70%.

However, other economic data such as consumer expectations and PPI performance show different trends. In this context, although Federal Reserve Chairman Powell emphasized the need to maintain high interest rates, he also made it clear that the next move is unlikely to be a rate hike.

In the digital currency market, after experiencing a correction on Thursday, Bitcoin did not continue this trend on Friday, but instead tested the support of 64,600 in the early morning and then rose steadily.

Driven by Ethereum, Bitcoin finally received a large positive column. Although the long and short sides switch back and forth, considering the weekend factors, the intraday price is expected to be mainly volatile.

At present, the upper resistance focuses on yesterday's high of 67,400, which can be chased short when touched. As for the support below, you can choose to pay attention to the early morning retracement position of 66000-65500. If it is touched, you can chase more. Overall, the market will mainly fluctuate in the range. #BTC🔥🔥🔥🔥🔥 #ETH🔥🔥🔥🔥🔥🔥