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Tracking real-time hot topics in the crypto space and seizing the best trading opportunities. Today is Thursday, May 14, 2026. Good morning, crypto friends☀ Iron fans check-in👍 Likes bring great wealth🍗🍗🌹🌹
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U.S. April PPI year-over-year surged unexpectedly by 6%, the largest increase since 2022. Combined with the previous day's CPI data, inflationary pressure has accelerated from the production side to the consumer side. The market's expectation of Fed rate hikes this year continues to rise—CME FedWatch shows the probability of a rate hike before December has exceeded 30%. Meanwhile, the Senate officially confirmed Waller to succeed Powell as Federal Reserve Chair, widely interpreted as a hawkish signal. The dollar and U.S. Treasury yields strengthened simultaneously, with high risk-free rates directly suppressing the valuation of high-risk assets. The crypto market weakened across the board yesterday, closing with a daily decline: Bitcoin sharply broke below the $80k psychological level, dipping as low as $78,700; Ethereum lost the critical support at $2,250, accelerating downward intraday. Derivatives markets experienced typical leveraged liquidations, with approximately $320 million in total liquidations over the past 24 hours. Long squeeze further amplified the decline. Despite ongoing tensions between Iran and the U.S. boosting oil prices, crypto assets did not receive safe-haven buying. Pricing logic has shifted from geopolitical premiums to liquidity tightening. In the short term, Bitcoin needs to see if the $77,500–$78,000 zone can form effective support, while Ethereum faces the test of the $2,200 level; macro risks have not yet eased, so caution is advised when bottom-fishing. Yibo will continue to monitor macro data, institutional fund flows, and on-chain changes, updating strategies in real time.
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Bitcoin's performance yesterday showed a weak pattern of "rising sharply then falling back, breaking through negative signals": it oscillated upward from $80,372 in the morning, tested highs near $81,200 twice in the afternoon before facing resistance and falling back. In the evening, triggered by U.S. April PPI far exceeding expectations, the market plunged straight down, reaching a low of around $78,750, then entered a slight consolidation. Bitcoin has now sharply broken below the key psychological level of $80k, with a low of $78,700 intraday—this level is not only an integer mark but also the upper boundary of a previously confirmed high-volume trading zone, making it a critical support. The large bearish candle yesterday closed, indicating the daily chart has thoroughly lost this key line, damaging the short-term bullish structure. Technically, the 4-hour chart shows a bearish pattern with decreasing highs and accelerating lower lows, MACD bearish crossover diverging downward, RSI approaching oversold but without divergence signals, indicating weak rebound momentum. The price will face tests at the $77,500–$78,000 zone, which was a support band on the weekly chart; whether it can hold will determine the depth of this correction. Resistance above shifts down to the $79,500–$80,000 range, and regaining this zone is necessary to ease downward pressure. For trading, conservative traders should wait for clear bottoming signals in the $77,500–$78,000 area before considering long positions; aggressive traders may attempt short positions with small size around $79,500–$80,000, with strict stop-loss. Given the unchanged macro liquidity tightening expectations and weak market sentiment, the short-term outlook remains bearish.
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Ethereum's performance yesterday continued its weak pattern. It oscillated upward from around $2,270 in the morning, reached a high of $2,322 in the afternoon before facing resistance and falling back. In the evening, the bears gained significant momentum, with the price dropping sharply to around $2,233, nearly a $90 range intraday. Ethereum's weakness was more pronounced than Bitcoin; after breaking below the critical support at $2,250, it accelerated downward, testing lower regions intraday. Previously, Ethereum repeatedly oscillated near $2,300, revealing fatigue among bulls—unable to break through the $2,400 level, with bullish momentum continuously waning. Coupled with macro negative factors (PPI exceeding expectations) and deteriorating market sentiment, the fragile balance between bulls and bears quickly shifted to dominance by the bears. Once the $2,250 support was broken with a bearish candle, technical pressure increased further. Resistance is now at $2,330–$2,350, with short-term moving averages aligned bearish and MACD crossing downward. Support below is at the $2,200 level; if this is broken again, the downside could extend to the $2,150–$2,180 zone. For trading, aggressive traders can attempt small short positions near the $2,250–$2,270 resistance zone, with stops above $2,300; conservative traders should wait for clear stabilization signals (like hammer candles or bullish divergence) near $2,200 before considering long positions. Overall, Ethereum remains in a short-term bearish bottoming phase, and bottom-fishing should be approached with patience.