U.S. April Core PCE Price Index Year-over-Year Rises to 3.3%, the Highest Since November 2023, Surpassing Market Expectations of a Cooling Trend.

Inflation Data Surpasses Expectations and Rebounds, Signaling a Significant Cooling of the Federal Reserve's Rate Cut Expectations.
Market Pricing for Rate Cuts This Year Further Decreases.
High Inflation Will Force the Fed to Maintain High Interest Rates, Increasing the Opportunity Cost of Holding Non-Yielding Assets (such as BTC), Directly Suppressing Valuations of Risk Assets, Which Is a Major Catalyst for BTC's Simultaneous Decline.
In the Short Term, the Market Will Continue Trading the "High Interest Rate + High Inflation" Combination, Limiting BTC's Rebound Potential Significantly Due to Macro Factors.

The 4-Hour Timeframe Shows a Clear Bearish Trend, with Technical and Fundamental Factors Resonating, Making It Unwise to Blindly Bottom-Fish at This Moment.

Support Below: 726-730 Range, with a Break Below Possibly Leading to Lower Levels.
Second Support: 717-706

Resistance Above: 743-755 Range, Only a Reclaim of 743 Could Relieve Bearish Pressure. #成长值抽奖赢金条