5.12, Tuesday, Big Pie Ethereum Morning Thinking! From the one-hour technical structure chart, the price channel is oscillating downward and has broken below, with signs of the channel opening up below. However, due to slow momentum, the pullback is also accompanied by repairs, with frequent shifts between bullish and bearish volume. The oscillating downward pattern is already clear. For the upcoming short-term strategy, we remain cautious and consider shorting on rebounds. On the four-hour level, the trading channel is forming a strong narrowing, with the upper resistance line within a narrow range. The price is weakly declining within the box, with bullish volume being hindered and showing weakness. The moving averages are not showing a clear upward turn. The smaller timeframes also indicate a further decline is needed. The short-term oscillation is obvious, with resistance on the rise and a pullback. Our next approach is mainly to participate in short positions at high points. Bitcoin personal trading suggestion: Short around 82,000, target 81,000-80,000. Ethereum personal trading suggestion: Short around 2,340, target 2,300-2,270.

Techub News, citing a report by Cointelegraph, says that Ray Dalio stated that Bitcoin has failed to live up to expectations as a safe-haven asset, pointing to issues including its lack of privacy protection, its strong correlation with technology stocks, and its smaller market size compared with the gold market. As the founder of Bridgewater Associates, Dalio has long focused on macroeconomics and asset allocation. This comment continues his support for traditional safe-haven asset gold while casting doubt on the narrative that Bitcoin is “digital gold.”

Recently, US economic data has been released one after another, and market sentiment is a bit unstable. First, the GDP performance exceeded expectations, and the unemployment rate wasn't as bad as expected; both signals indicate that the economy is still doing well, which dampens expectations for interest rate cuts. The US stock market isn't afraid, with the S&P 500 reaching new highs, but the crypto market has been more volatile, with BTC barely holding at 112k USD, and ETH fluctuating around 4,500 USD. What's more interesting is that SOL has been performing well lately because the US Department of Commerce decided to use Solana's Pyth Network to put economic data on the blockchain, causing the PYTH token to surge nearly 52%, and even the leading oracle LINK gained about 3%. Additionally, the CFTC announced good news, allowing Americans to use offshore crypto exchanges, giving the crypto market some breathing room. But tonight's PCE release time has arrived, and this is the real key. Core PCE is an important reference for the Federal Reserve's interest rate adjustments, basically a measure of inflation, and the market is now paying close attention to this data. If the PCE data comes out higher than expected, the economic data for two consecutive days will be unfavorable for rate cuts, and the market may face a setback.