Analysis of Bitcoin's Trend on the Evening of May 12



The US April CPI has been released, with year-over-year 3.8% and core CPI year-over-year 2.8%, both exceeding market expectations. The persistent inflation reinforces the expectation that the Federal Reserve will maintain high interest rates for a longer period. The dollar and US Treasury yields have strengthened. From market feedback, this surprise does not constitute substantial negative news for cryptocurrencies.

Likely to fluctuate around the 80,000-82,000 range, with short-term trading mainly during the night.

Pullback near 80,200-79,800, target 82,000.

During the night, position sizing should be strictly controlled; aggressive trading should rely on key levels with light positions, with strict stop-loss settings. Reduce opening positions during the early morning hours and wait for a clear trend. #Gate广场五月交易分享 $BTC $ETH
BTC-1.34%
ETH-2.29%
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