QCP: Inflation Data Release Intensifies, BTC May Maintain Range Fluctuation in Short Term

On May 11, according to QCP analysis, this week is packed with macro events, and the market is focused on three main lines: First, leaders from China and the United States will meet in Beijing this week, discussing tariffs, rare earth supply chains, and the situation in the Middle East, with the market paying attention to whether substantial progress can be made in trade; Second, the April CPI, PPI, and retail sales data will be released successively. If inflation stabilizes, real yields are expected to decline, historically providing support for the crypto market; conversely, this would strengthen tightening expectations; Third, the U.S. Senate Banking Committee will review the CLARITY Act, and legislative progress may further encourage institutional capital entry. Currently, despite BTC experiencing ETF fund outflows last week, it has maintained the $80,000 level, with crypto volatility remaining at a year-to-date low, VIX around 18. In the short term, BTC is likely to maintain range fluctuations, with $84,000 being a key resistance level.