**[U.S. March CPI Rises to 3.3%, Slightly Below Expectations, Market Already Priced In, Bitcoin Challenges $75K Resistance Again]** Reported by Jinse Finance, on April 12, U.S. March inflation data was released. The U.S. Bureau of Labor Statistics announced that the Consumer Price Index (CPI) rose 3.3% year-on-year, slightly below the market expectation of 3.4%; core CPI rose 2.6% year-on-year, also lower than the expected 2.7%. Although the data is considered "milder than expected," the inflation level remains the highest since May 2024. Market reactions indicate that the inflation trend has already been priced in. Interest rate expectations were quickly readjusted, and the timeline for rate cuts was pushed further back to 2026 or later. In terms of risk assets, Bitcoin ($BTC) rose 1.63% on the day, once again challenging the long-standing resistance level of $75,000. Despite geopolitical pressures, risk appetite has not shown significant weakening. From a macro perspective, the inflation uptick is not sudden. In early March, tensions in West Asia escalated, triggering disruptions in oil market supply. Oil prices briefly surged past $112 per barrel, with energy costs driving inflation expectations to be adjusted earlier. In other words, the CPI being "lower than expected" reflects more of the market having already priced in the inflationary pressures brought by energy, rather than an immediate reaction to new information.