Huge inflection point, will Bitcoin reach 70k? Three major events will trigger the market, Jing Yi has already laid out in advance

1. Trump’s visit to China (most critical)
The May 14 US-China meeting is the key macro event next week. Before the meeting, the market will fluctuate and resist declines; after the meeting, positive news will be exhausted, and US stocks and Bitcoin are likely to retrace together. Wednesday next week is a critical point for bears to strike.

2. Federal Reserve minutes
May 11: Voting on the Federal Reserve chair candidate, hawkish expectations rise, the US dollar is likely to strengthen, suppressing Bitcoin.

May 12: CPI data: If inflation rises, rate cuts will be delayed, which is bearish for cryptocurrencies; if inflation falls back, it will be bullish for a rebound.

May 13: PPI + Federal Reserve minutes: Observe inflation transmission and policy hawk-dove tendencies. Hawkish bias puts pressure on coins, dovish bias favors rebound.

3. International conflicts
Ongoing Middle East conflicts, tense shipping situation, oil prices remain high; high oil prices boost inflation expectations, limiting the Fed’s room to cut rates, bearish for Bitcoin. Meanwhile, safe-haven funds flowing into BTC from the Middle East will buffer declines and limit rapid drops.

Market analysis
Bitcoin is generally oscillating weakly, leaning towards correction; after Wednesday next week, the risk of decline increases, with a chance to reach around 77k; a direct surge past 83k is difficult, having just pulled back from near 83,000, high on the daily chart is under pressure, bullish momentum weakens.
Key resistance: 815–825 (strong pressure), 70k (core resistance).
Key support: 780–795 (short-term), 770 important support/target.

Trading suggestions
Monday to Wednesday: oscillate and stay weak, rebounds are opportunities to short—before the visit to China, funds are cautious, unlikely to drop sharply, but there is heavy selling pressure above 80k. Most likely range: 785–815, rebounding to 810–820 is a good point to short. After Wednesday, especially Thursday: acceleration window for decline—event realization, likely “positive news exhausted,” US stocks weaken in tandem, crypto market likely to follow, target: first watch 770, extreme could reach 740–750.

Will it rise above 83,000?
Jing Yi believes it’s unlikely in the short term: 83,000 is a strong resistance plus a lot of profit-taking, a single push cannot break through. Only after a sufficient correction (stabilizing at 770, reducing volume and stabilizing) can it possibly push to new highs later.

Summary
Next week, first oscillate and decline, with sharper drops after Wednesday; 77,000 is the core target; do not chase high on rebounds, mainly short on rallies.