Today, the US PPI is mildly bearish for BTC.


Total PPI monthly rate 0.5%, in line with expectations; but PPI year-over-year 6.0%, higher than the expected 4.9%; core PPI monthly rate 0.3%, higher than the expected 0.1%; core PPI year-over-year 4.3%, higher than the expected 3.8%.
This indicates that inflationary pressure remains relatively strong, and the Fed's rate cut expectations are under pressure, which is not good news for the Nasdaq and BTC.
BTC is currently fluctuating around $80k, with key support at $79,800 and resistance at $81,300.
If it cannot break above $81,300, do not chase long; consider the rebound as bearish if resistance is encountered.
Only if it drops to $79,300 - $79,500 and stabilizes, consider low buying.
Overall judgment: short-term is somewhat bearish, but not at a crash-level bearish.
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CandyCoffee
· 05-13 13:48
Broken
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ThereAreCandiesInThePocket.
· 05-13 12:37
Chong Chong GT 🚀
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