May 12, 2026



1. International Developments:
1. Iranian media reports Iran has deployed deep-diving submarines in the Strait of Hormuz
2. Trump will visit China on a state visit from May 13 to 15
3. Some high-speed trains on the Beijing-Shanghai High-Speed Railway announce a 20% fare increase

2. Cryptocurrency Market Updates:
1. Elon Musk will accompany Trump as a member of the U.S. delegation visiting China
2. Tether Treasury has issued an additional 1 billion USDT on the Tron blockchain
3. The central bank released the Q1 2026 monetary policy implementation report, proposing a moderately loose monetary policy

3. Market Analysis:
· Market Trend: Bitcoin (BTC) and Ethereum (ETH) continue to maintain an upward advantage; a pattern of sharp rises followed by sharp drops is likely to be the main trend for the upcoming period, beware of trading risks!

· Key Resistance Levels:
Bitcoin: 83,800 - 88,000
Ethereum: 2,450 - 2,580
· Key Support Levels:
Bitcoin: 77,777 - 71,000
Ethereum: 2,220 - 2,088

Reminder: The market carries risks; invest cautiously.
BTC-0.37%
ETH-0.75%
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