Today, Bitcoin traded sideways all day, not because there is no direction, but because the news flow is too dense, and funds are waiting for the dust to settle.

First, tonight's US CPI data is the biggest variable. Inflation will influence expectations of interest rate cuts, so before the data is released, funds dare not aggressively chase long positions or break through key support levels, causing Bitcoin to hover around the 80k yuan mark.

Second, the situation in the Middle East is volatile, oil prices continue to rise, and risk aversion sentiment is heating up. Rising oil prices will increase inflation concerns and suppress risk assets. Bitcoin's inability to surge during the day is largely due to macroeconomic sentiment weighing it down.

Third, there are positive regulatory expectations for support, such as the CLARITY Act-related prospects still exist, but these are medium- to long-term benefits. In the short term, they are unlikely to directly drive a rally, only preventing market panic-driven breakdowns.

Therefore, today's sideways movement essentially results from: CPI and geopolitical risks suppressing upward momentum, while the 80k yuan level and regulatory expectations provide support downward.

In one sentence:
News flow suppresses the height, while funds hold the bottom, and Bitcoin is waiting for tonight's CPI to give direction. #特朗普5月13日访华 $BTC $ETH