At 8:30 tonight, U.S. CPI data was released. The U.S. non-seasonally adjusted CPI annual rate in March was 5%, lower than the expected 5.2% and the previous value of 6.00%. The non-seasonally adjusted core CPI in the United States recorded an annual rate of 5.6% in March, in line with expectations. The previous value was 5.50%, ending five consecutive declines. It is lower than expected and in line with expectations, so it is a small positive. However, we should not be too optimistic. It is not too low, which means that inflation is still too serious.

After the data was released, BTC and spot gold pulled a wave. Although inflation has declined, it remains well above the Fed's 2% target. So we speculate that the Fed will continue to raise interest rates.

After Douyin was able to check the BTC market, after the CPI was announced, there were two positive news in a row, but BTC did not break through and stabilize at $35,000, indicating that the market funds are still insufficient.