CPI Major Implementation | Bearish Shock, Crypto Market Under Pressure—Where Will It Go Next?



Tonight, the U.S. April CPI inflation data came out above expectations, and core inflation remains high, directly breaking the market’s rate-cut expectations. Bearish pressure spread across risk assets, and the crypto market weakened in response.

From the chart, Bitcoin and Ethereum both tumbled in sync. The 15-minute Bollinger Bands opened downward, making the short-term bearish trend clear. CPI data coming in above expectations means the Federal Reserve is very likely to delay rate cuts. The U.S. dollar strengthens, and capital flows out of the crypto market, directly suppressing room for price upside.

For short-term trading, focus on selling at rebounds and do not blindly bottom-fish.

BTC key focus is the resistance around 80900; for ETH, watch the resistance around 2286. The probability of a pullback under pressure is relatively high.
#TROLL两日涨超160%
BTC0.33%
ETH0.96%
TROLLFACE-6.98%
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