The core PCE price index year-on-year data for April released tonight in the US is quite noteworthy, with the final value settling at 2.5%. This not only aligns perfectly with market expectations but also marks the lowest level since March 2021.

This data intuitively reflects that the current U.S. consumer market has cooled down, and inflationary pressures are continuously easing, which undoubtedly releases a positive signal.
From the perspective of the cryptocurrency market, this data performance may alleviate market concerns about a significant drop in BTC prices over the weekend to some extent, playing a role in stabilizing market confidence in the short term.
However, financial markets often face a general issue of insufficient liquidity during the weekend. Coupled with the fact that the overall macroeconomic environment has not yet fully stabilized and warmed up, even with the support of this positive data, it is expected that the BTC market will struggle to see significant increases and will likely maintain a volatile trend. Market participants should remain cautious and closely monitor subsequent changes.