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Although the evening CPI data was higher than expected, the overall deviation was not significant, and the market did not experience panic selling, indicating that the current market logic is still primarily driven by technical factors rather than news-driven.
From the market perspective, Bitcoin did not break below the key support level after the CPI release; instead, it continued to oscillate around the 80,900 area, suggesting that there is still support below, and the main force is more likely using news to shake out traders rather than a trend reversal.
Currently, the current price around 80,600 remains long positions, and the market has already started to recover slightly. For those who missed the low positions, tonight's trading can still follow the morning's long-side strategy.
Trading suggestions:
- Continue to buy on dips around 80,600-80,700
- First target at 81,500, then 82,000
- If there is a volume drop below 80,400 tonight, short-term longs should pay attention to risk control
The current market is more inclined to be a “second rally after range-bound consolidation,” as long as the core support is not broken, keep the strategy of low buying on dips for rebounds. #Gate广场五月交易分享