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 putting enormous pressure 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 funds are still flowing in and long-term holders have no plans to exit, the overall bullish structure remains intact, the market has already started to become timid. The fear and greed index continues to decline, and many high-frequency large traders have quietly reduced their positions and exited, with a cautious sentiment prevailing.
In the short term, Bitcoin is searching for support. If the smaller time frame 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 watch 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!
The US April CPI release is imminent, and the expectation of a three-year high in prices is putting enormous pressure on Bitcoin bulls. Currently, the price remains above $80,000, but spot trading volume is very sluggish. This rally is mainly driven by leverage funds 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 structure remains intact, the market has already started to become timid. The fear and greed index continues to decline, and many high-frequency large traders have quietly reduced their positions and exited, with a cautious sentiment prevailing.
In the short term, Bitcoin is searching for support. If the smaller time frame 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 watch 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