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 leveraged 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 is starting to become timid. The fear and greed index continues to decline, many high-frequency large traders are quietly reducing their positions and exiting, with a cautious sentiment prevailing.

In the short term, Bitcoin is searching for support. If smaller time frame trends 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. Recently, the macro environment has been unstable, so it’s advised to watch more and act less. Never turn short-term trading into deep traps; 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!

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 leveraged 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 is starting to become timid. The fear and greed index continues to decline, many high-frequency large traders are quietly reducing their positions and exiting, with a cautious sentiment prevailing.

In the short term, Bitcoin is searching for support. If smaller time frame trends 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. Recently, the macro environment has been unstable, so it’s advised to watch more and act less. Never turn short-term trading into deep traps; preserving capital is always the top priority. $BTC #Gate广场五月交易分享
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IAmWhatIAm.
· 4h ago
Steadfast HODL💎
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