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 forecast of a new 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 recent rally has mainly been driven by leverage and short liquidations, 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 cautious. 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 smaller time frame movements 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 price new highs with insufficient momentum, as such divergence can easily trigger a sharp decline from high levels.

The current prosperity is somewhat illusory, all built on leverage. Recently, the macro environment has been unstable, 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 hitting a three-year high, putting bullish pressure on BTC!