5.12 Afternoon 12:00-17:00 Market Analysis

This afternoon, Bitcoin oscillated back from around 81,270, with a low probe near 80,719, forming a structure of "high-level suppression—slow decline—weak recovery at low levels." The aunt position also remained relatively weak, fluctuating narrowly around 2310, with rebound strength noticeably weaker than in the morning.

On the news front, the market is mainly waiting for U.S. CPI data. Inflation expectations have made funds hesitant to chase higher, and risk assets are generally cautious; at the same time, the ongoing U.S.-Iran situation and rising oil prices have boosted risk aversion sentiment, exerting pressure on the crypto market. Bitcoin once fell back to around 81k, which is also related to the decline in macro risk appetite.

However, there are still supportive factors in crypto regulation. The progress of the U.S. CLARITY Act draft continues to ferment, and the market has certain expectations for regulatory clarity. But this positive news is more medium to long-term, and in the short term, it is difficult to offset the pressure from CPI and geopolitical risks.

Summary:
This downward move is not just a simple technical correction but is jointly suppressed by cautious sentiment before CPI, rising oil prices, and geopolitical risks. Short-term, bulls are less willing to chase high, and the market mainly shows oscillating decline and low-level recovery. #特朗普5月13日访华 $BTC $ETH