5.13 Early Morning Market Brief Summary

Overnight to this morning, the core trend in the crypto market: After the CPI data was released, the market came under pressure, with mainstream coins stabilizing at low levels and rebounding for a correction.

Bitcoin dipped to a low of 79,801 in the early morning before rebounding, rising to around 81,141, regaining the 81k level; Ethereum moved in tandem, briefly dipping near 2,255, then following the market correction, rising to 2,293. The overall market does not show a strong bullish trend, representing a technical rebound after low-level capital absorption.

Core news impact: U.S. CPI data exceeded expectations, boosting the dollar and U.S. bond yields, significantly cooling market expectations of Federal Reserve rate cuts, and short-term risk assets came under pressure; combined with ongoing geopolitical tensions in the Middle East and high oil prices, further dampening market sentiment. Currently, Asian markets are opening cautiously, with macroeconomic negative pressures not yet fully absorbed.

Market summary:
BTC held above the key support of 80k, initiating a rebound, while ETH stabilized above 2,250 for a correction. Short-term market sentiment has slightly improved, but selling pressure above remains, as the market continues to digest negative CPI news, a strong dollar, high oil prices, and geopolitical risks.