QCP: Inflation data released intensively, BTC may maintain range-bound fluctuations in the short term

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Golden Finance reports that on May 11th, according to QCP analysis, this week’s macro events are intense, and market focus is centered on three main lines:
First, the leaders of China and the United States will meet in Beijing this week, covering topics such as tariffs, rare earth supply chains, and Middle East situations. The market is paying attention to whether both sides can make substantial progress in trade;
Second, April’s CPI, PPI, and retail sales data will be released successively. If inflation stabilizes, real yields are expected to decline, which has historically supported the crypto market. Conversely, it will strengthen expectations of tightening;
Third, the U.S. Senate Banking Committee will review the CLARITY Act, and legislative progress may further promote institutional funds to enter.
Currently, despite last week’s ETF fund outflows, BTC has held the $80k level, and crypto volatility remains at a low point for the year, with the VIX around 18. In the short term, BTC is likely to remain range-bound, with $84,000 as a key resistance level.

BTC0.56%
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