CPI hits the ground! BTC holds steady at 72k—have the rate-cut expectations completely cooled off?

March CPI data is freshly out: 3.3% year over year and 0.9% month over month, fully in line with expectations. The main driver is a sharp jump in energy prices affected by the situation in Iran.

After the data came out, BTC edged up slightly, steady and oscillating above 72k without any big swings. But keep in mind: the Middle East situation plus the spike in oil prices has already knocked down the Fed’s rate-cut expectations. The market now generally believes that short-term interest rates won’t move, and the pressure from the macro side is still there. Going forward, operations should still revolve around the range—look more and move less, and wait to act until there is a clear direction. #原油小幅上涨 $BTC ‌$ETH ‌