BTC flat trading remains weak throughout the day, unable to break out of the range; at noon, it only stagnated and pulled back near 70200;



Currently, it slightly broke below 69000 with weak consolidation; CPI data is coming soon, and its impact on the crypto market is still quite significant!

Considering the recent escalation of Middle East conflicts, rising oil prices, boosting inflation expectations, safe-haven capital flowing into the dollar and gold;

The US non-farm employment report unexpectedly plummeted (-92,000), but wages and core PCE remain strong, showing signs of stagflation. The Fed's rate cut expectations are postponed until after June; and other real issues.

The forecast data meets expectations: neutral to slightly bearish, rate cut expectations cannot be advanced, high interest rates suppress risk assets, and the crypto market remains volatile and weak.
BTC-1,27%
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