WAXP is currently consolidating within a range, with market sentiment gradually recovering due to stable inflation expectations and Bitcoin's strong technical performance. If Bitcoin continues to break above $78,000, WAXP is expected to target the $0.0072–0.0073 range; otherwise, $0.0065 remains the key short-term support. Based on short-term price-volume structure and macro signals, it is recommended to accumulate in batches on pullbacks to the $0.0066–0.0065 region, setting a stop loss below $0.0064. After breaking through $0.007, monitor resistance above and lock in profits gradually. It is necessary to dynamically track inflation and major coin trends, and flexibly adjust positions to balance risk and return.

The latest US core PCE data met market expectations, with a 3% year-over-year and 0.4% month-over-month increase, both showing no significant reversal. This helped ease inflation concerns and stabilized Bitcoin's range-bound trading around $73,000. The improved risk appetite has led to signs of sentiment recovery among altcoins in the short term. Since early April, WAXP has been consolidating in the $0.0063–$0.0066 range, with intense battles between bulls and bears. However, after macro uncertainties clearly declined, the price has slowly moved up and held above $0.0065, indicating a restored willingness of funds to allocate to this asset.

The latest US PCE inflation data met expectations, easing market uncertainty and stabilizing Bitcoin around $73,000. Core PCE rose 3% year-on-year and 0.4% month-on-month. Despite easing US-Iran tensions, potential energy price impacts remain unreflected. Investors remain cautious about Fed rate cuts. Economist Mohamed El-Erian highlights upcoming CPI data as more critical amid oil price volatility. Analyst Michaël van de Poppe maintains an $80,000 Bitcoin target if key support holds.

Analysts maintain an $80K Bitcoin target as PCE inflation data boosts market sentiment.

Bitcoin has successively broken through the four-week high of $74,000 and the 'volatility release point' of $75,000. If bulls continue pushing and conquer the $78,000 resistance, it will attract more liquidity into the crypto market. On WAXP's daily chart, the price has been making higher lows since mid-April, testing the $0.007 mark with $0.0069. If Bitcoin maintains its strength, the $0.0072–$0.0073 area is likely to become the next upside target. If a pullback occurs, $0.0066–$0.0065 is a critical short-term support and a break below this level can lead to intensified selling pressure.

Bitcoin has surpassed a four-week high, rising above $74,000. Analysts identify $75,000 as a critical "volatility release point," where derivative market negative gamma effects may amplify price fluctuations. This level coincides with Bitcoin's 100-day moving average, a key resistance in January. Breaking $75,000 could accelerate an uptrend, while a pullback may increase downward pressure. The $80,000–$80,600 range is a positive gamma zone with lower volatility, and the 200-day moving average at $87,519 serves as a long-term reference.

Analysis: Bitcoin breaks four-week high, key price range may intensify market volatility

Considering current market sentiment and technicals, short-term traders are recommended to accumulate in batches near $0.0066–$0.0065, setting the stop-loss area below $0.0064 to control risk. If the price breaks above $0.007 significantly, act decisively and gradually lock in profits in the $0.0072–$0.0073 range. At the same time, closely monitor subsequent inflation data and changes in Bitcoin’s key moving averages to adjust position sizes promptly, avoiding tail risks brought by macro or sentiment shocks.

It’s not a given that the European Central Bank’s next move on interest rates will be a hike, according to Governing Council member Martins Kazaks.

Kazaks: Will not oppose bets on two interest rate hikes this year

Waller: Rapid resolution of the Middle East situation may allow for interest rate cuts later this year.

Waller: Overall PCE inflation year-over-year in March may reach 3.5%

The Federal Reserve's Waller expressed caution regarding interest rates, warning of the risks of prolonged warfare.

Fed's Daly: Rates May Remain Unchanged

Daly: The federal funds rate is slightly above the neutral level of 3%.

UBS Expects 50 bps Fed Rate Cuts as Gov Miran Downplays Inflation Risks

Federal Reserve's Daly: On hold regarding interest rates.

Easing tensions in the Middle East combined with rising expectations of interest rate cuts have pushed gold close to $4,900.

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