April CPI is about to be announced, with expectations hitting a three-year high, putting bullish pressure on BTC!



The US April CPI release is imminent, and the expectation of a three-year high in prices is heavily weighing on Bitcoin bulls. Currently, the price remains above $80,000, but spot trading volume is very sluggish. This round of rally is mainly driven by leverage funds and short liquidations, lacking solid buying support.

Although ETF inflows are still ongoing and long-term holders have no plans to exit, the overall bullish framework remains intact, the market has already started to become timid. The Fear and Greed Index continues to decline, many high-frequency large traders have quietly reduced their positions and exited, and cautious sentiment is prevailing.

In the short term, Bitcoin is searching for support. If smaller timeframes can break upward and retest and stabilize, short-term trading can be attempted, with stop-loss points firmly set at key levels like $80,410. Be sure to watch out for situations where prices hit new highs but momentum is lacking, as such divergence can easily trigger a sharp drop from high levels.

The current prosperity is somewhat illusory, all built on leverage. The macro environment has been unstable these days, so it’s advised to observe more and act less. Never turn short-term trading into a deep trap; preserving capital is always the top priority. April CPI is about to be released, with expectations hitting a three-year high, putting bullish pressure on BTC!

The US April CPI release is imminent, and the expectation of a three-year high in prices is heavily weighing on Bitcoin bulls. Currently, the price remains above $80,000, but spot trading volume is very sluggish. This round of rally is mainly driven by leverage funds and short liquidations, lacking solid buying support.

Although ETF inflows are still ongoing and long-term holders have no plans to exit, the overall bullish framework remains intact, the market has already started to become timid. The Fear and Greed Index continues to decline, many high-frequency large traders have quietly reduced their positions and exited, and cautious sentiment is prevailing.

In the short term, Bitcoin is searching for support. If smaller timeframes can break upward and retest and stabilize, short-term trading can be attempted, with stop-loss points firmly set at key levels like $80,410. Be sure to watch out for situations where prices hit new highs but momentum is lacking, as such divergence can easily trigger a sharp drop from high levels.

The current prosperity is somewhat illusory, all built on leverage. The macro environment has been unstable these days, so it’s advised to observe more and act less. Never turn short-term trading into a deep trap; preserving capital is always the top priority. $BTC #Gate广场五月交易分享
BTC-0.18%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Contains AI-generated content
  • Reward
  • 6
  • 3
  • Share
Comment
Add a comment
Add a comment
IAmHaifeng
· 21m ago
April CPI is about to be announced, with expectations reaching a three-year high, putting bullish pressure on BTC!
The US April CPI release is imminent, with expectations of a new three-year high causing significant pressure on Bitcoin bulls. Currently, the price remains above $80,000, but spot trading volume is very sluggish. This round of rise is mainly driven by leveraged funds and short squeeze forcefully pushing prices up, lacking solid buying support.
Although ETF funds are still flowing in and long-term holders have no plans to exit, the overall bullish framework remains intact, the market has already started to become timid. The greed index continues to decline, and many high-frequency large traders are quietly reducing their positions and exiting, with a wait-and-see sentiment prevailing.
In the short term, Bitcoin is searching for support. If the smaller timeframe can break upward and retest and stabilize, short-term trading can be attempted, with stop-loss points firmly set at key levels like $80,410. Be sure to watch out for situations where prices hit new highs but momentum is lacking, as such divergence can easily trigger a sharp drop from high levels.
The current prosperity is somewhat superficial, all built on leverage. The macro environment has been unstable in recent days, so it’s advised to observe more and act less. Never turn short-term trading into a deep trap; preserving capital is always the top priority. April CPI is about to be announced, with expectations of a three-year high, and bullish pressure on BTC is coming!
View OriginalReply0
TooUgly
· 1h ago
Three-year high CPI + low spot volume + high leverage, these three debuffs stacking up, I choose to lie flat and watch the show.
View OriginalReply0
LIUUR
· 1h ago
gogogogogogogogogogo
Reply0
BalanceScreenshotAfterTheRain
· 2h ago
The leveraged market trend is indeed fake; once the CPI is announced, I’m afraid it will spike again. I'm out for now.
View OriginalReply0
StopLossSparrow
· 2h ago
The ETF is still being bought, indicating that institutions haven't run away, but I really don't dare to gamble on short-term moves. Remember the stop-loss level at 80410.
View OriginalReply0
TreatEarningsAsSnacks
· 2h ago
Three-year high CPI + low spot volume + high leverage, these three debuffs stacking up, I choose to lie flat and watch the show.
View OriginalReply0
  • Pin