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Today’s Summary
Today, Bitcoin generally showed a high-level oscillation with a slight weakness pattern. Influenced by CPI inflation data exceeding expectations, market expectations for interest rate cuts cooled down, the US dollar strengthened, and Bitcoin was pressured to fall back. It failed to surge intraday, and subsequent movements were oscillating and weakening, with a clear increase in the tug-of-war between bulls and bears.
From the market perspective, resistance above is quite heavy, rebounds are weak, and support below is repeatedly tested. Overall trading volume is insufficient, bulls are not strongly motivated to push higher, and funds tend to stay on the sidelines and seek safety. $BTC #Gate广场五月交易分享