This week, Bitcoin returned above $100,000. Wall Street showed caution at the end of the trading week, with U.S. stocks and bonds fluctuating as the world's two largest economies prepared to start trade talks, and investors avoided making higher-risk bets. Market optimism continued to pressure gold prices, with a cumulative drop of nearly 4% on Wednesday and Thursday, but rebounded on Friday, with a cumulative increase of 2.64% last week. Here are the key points the market will focus on in the new week:

Monday 22:25, Federal Reserve Governor Kugler speaks;

Tuesday 20:30, U.S. April unadjusted CPI year-on-year/seasonally adjusted CPI month-on-month/seasonally adjusted core CPI month-on-month/unadjusted core CPI year-on-year;

Thursday 05:40, 2027 FOMC voting member, San Francisco Fed President Daly participates in a fireside chat;

Thursday 20:30, U.S. April retail sales month-on-month, U.S. April PPI year-on-year/month-on-month, U.S. May New York Fed/Philadelphia Fed manufacturing index;

Thursday 20:40, Federal Reserve Chairman Powell delivers opening remarks at an event;

Thursday, the Federal Reserve holds the second Thomas Laubach Research Conference, focusing on research in monetary policy and economics, expected to provide an academic perspective for the Fed's commitment to a monetary policy framework review every five years, until the 16th;

Friday 22:00, U.S. May one-year inflation rate preliminary estimate, U.S. May University of Michigan consumer confidence index preliminary estimate.

This week, the Federal Reserve's tone was not dovish, with more than half of the Fed's policymakers speaking publicly on Friday, and none indicating that the Fed is close to cutting rates. Next week's economic data will provide an important perspective, with Tuesday's release of April's U.S. CPI offering new insights into inflation trends, and Thursday's release of April's retail sales data providing the latest window into consumer spending. The U.S. April CPI is expected to confirm that price pressures remain excessive, with no reason to cut rates for now. Although the dollar index has risen in the short term, it still faces selling pressure due to the stagflation risk brought by ongoing tariffs. Additionally, the impact of macroeconomic data on Bitcoin prices and whether Bitcoin can consolidate the $100,000 price support range are also worth watching.