$BTC Although the US-China negotiations have significantly reduced tariffs, the reciprocal tariffs and the 145% tariff on China will take effect in April. Therefore, the economic data for the coming months, including April, will more comprehensively reflect the impact of the tariff war on the US economy and consumers, and the market will become more sensitive to this data.

The market expects the April CPI and core CPI to remain unchanged. Stable CPI data is expected to allow market sentiment to transition smoothly, while values below expectations will stimulate expectations for interest rate cuts. However, values above expectations will sound the alarm, and the market will rely more on hard data performance.