Following the March CPI, the U.S. PPI also slowed down more than expected in March and hit the lowest year-on-year growth rate in 27 months; the number of people applying for unemployment benefits for the first time in the United States last week rose more than expected to 239,000, a new high since January last year. The unemployment rate rose for the first time in a week, and the unemployment data was still close to historical lows, but it already reflected a further slowdown in the labor market. Data released last night sent signals that the hot U.S. job market and high inflation have cooled down, enhancing investors' confidence that the Federal Reserve's interest rate hike is nearing its end. After the data was released, the three major U.S. stock indexes collectively opened higher. In the evening, 5,000 BTCs flowed out of the exchange, which is good news. BTC is expected to exceed $31,000, and a periodic bullish trend may begin.