Analysis: Bitcoin surged to $73,000 after the CPI was released, with the market focusing on whether it can reach the high range again

After the release of the CPI data in the United States, Bitcoin briefly rose to $73,000, attempting to refresh the new high for the phase. The data shows that overall inflation in the U.S. is slightly lower than market expectations, but energy prices have surged, creating a divergence signal. Specifically, the U.S. CPI rose by 3.3% year-on-year, and the month-on-month data was 0.1% lower than expected; among them, energy prices increased by 10.9%, and gasoline prices surged by 21.2% month-on-month, marking the largest single-month increase since 1967.

The financial market's reaction was relatively restrained, with U.S. stocks opening basically flat, and Bitcoin did not experience significant fluctuations. Meanwhile, influenced by the previous PCE data, the market has largely ruled out the possibility of a short-term interest rate cut by the Federal Reserve. On the trading front, analysts believe that Bitcoin is operating within a converging range, and if it attempts to hit key highs again in the short term, the market's reaction will be an important signal for subsequent trends, with around $74,000 seen as a key liquidity area.