Focus on tonight’s CPI data and its impact—BTC is strong, but don’t chase



Yesterday it tested the lows and rebounded. The US-Iran situation is still in a mild back-and-forth tug-of-war, with no real progress. This has given BTC bulls a chance, but the early session still saw a spike followed by a pullback. In the short term, highs still face pressure. The rise is not sustainable—so be cautious about chasing higher prices.

The CPI data to be released tonight is especially critical; it’s a “weather vane.” If this week’s CPI and PPI data come in higher than expected, and the geopolitical conflict doesn’t ease quickly, coin prices will most likely continue pushing higher and challenge higher levels. On the other hand, if these two data points are lower than expected, prices may need to retrace and face pressure. In short, everyone should pay close attention to this week’s US inflation data, as well as developments from Trump’s visit to China, and adjust flexibly.

Next comes a small defensive attempt to go short—do not blindly chase longs.

BTC trading suggestion: short 817-821; defense 82550; target 803, if it breaks below, watch 797-793$BTC $ETH #特朗普5月13日访华
BTC0.4%
ETH-1.08%
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