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GeniusTraderBrotherJie
5.12 Tuesday midday market analysis. Focus on CPI data impact tonight
Yesterday still rebounded after hitting a bottom, the US-Iran situation remains a gentle tug-of-war with no significant progress, which has given BTC bulls a chance. However, early in the session, it surged then pulled back, and short-term highs still face pressure. The rally is not sustained; be cautious about chasing highs.
Tonight's CPI data release is particularly critical, serving as a weather vane. If this week's CPI and PPI data come in higher than expected, coupled with geopolitical conflicts not easing quickly, the coin price is likely to continue rising, challenging higher levels. Conversely, if these two data points are lower than expected, the coin price may need to pull back and face pressure. In short, everyone should keep an eye on this week's US inflation data and the progress of Trump's visit to China, adjusting flexibly.
BTC trading suggestion: short at 81,500-82,000, take profit at 80,700-79,000. Stop loss at 82,800.
ETH trading suggestion: short at 2,330-2,360, take profit at 2,300-2,260, stop loss at 2,420.
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