Tonight at 8:30 PM, the US March CPI data will be released, with market expectations of a significant rebound in inflation. Coupled with high oil prices, the expectation of a Federal Reserve rate cut has been delayed again. Bitcoin hovers around 73,000, with limited rebound potential. Once the data is out tonight, a clear direction will likely be chosen; the overall outlook remains unchanged.

The CPI release tonight confirms that inflation has become a market consensus. The prolonged high-interest-rate environment continues to suppress risk assets. Currently, Bitcoin's rebound is mainly emotional recovery, with strong resistance at 75,000. After the data is released, it is more likely to weaken, with a target below 71,000.
In the context of Middle East ceasefire + the night before CPI, Bitcoin remains in narrow fluctuations. If inflation data tonight exceeds expectations, it will directly be bearish for the crypto market. In the short term, focus remains on rebound and high resistance; be cautious in chasing gains and strictly control risks. $BTC $ETH