May 12th Bitcoin and Ethereum Market Analysis


Bitcoin is facing resistance around $82,000, with funding rates showing signs of turning positive, reflecting increasing bullish-bearish divergence at high levels. Once the price effectively breaks below $80,500, the short-term trend will tend to weaken. The upcoming US CPI data release tonight may serve as a key catalyst for the market.
Ethereum is under continuous selling pressure from the foundation, with institutional attention declining, and its short-term trend is clearly weaker than Bitcoin. The overall structure still follows Bitcoin's movement, making independent short-term trends unlikely.

Key focus tonight: 8:30 PM US CPI data
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BTC-0.37%
ETH-1.99%
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HaiChenIBoQiQi
· 2h ago
The bull quickly returns 🐂
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