The US March ISM Non-Manufacturing PMI data was released at 10:00 PM on April 6. The PMI reading was 54.0, below the expected 54.9 and the previous 56.1. The payment prices inflation index was 70.7, a significant increase from the previous 63.0. The employment index was 45.2, falling below the expansion/contraction line. The new orders index was 60.6, showing some improvement from the previous period. This data signals stagflation, cooling expectations for Federal Reserve rate cuts, and causes short-term bearish sentiment in the crypto market. Bitcoin remains relatively resilient. Next, focus should be on the US March CPI data due at 8:30 PM on April 10. #币圈