2026.5.14 Bitcoin Today’s Thoughts

$BTC

Current price 796 go long directly support with 803 watch 785-770

Last night, U.S. April PPI data significantly exceeded expectations: year-over-year 6.0% (expected 4.9%, prior value revised up to 4.3%), month-over-month 1.4% (expected 0.5%, prior value revised up to 0.7%), and both recorded the largest increase since March 2022. After the data was released, Bitcoin quickly dipped to 78758, fell below the key support of 80000, and then rebounded slightly to trade in a range above 79000

Fed policy expectations completely reversed: the probability of a rate hike in June surged from 15% to 58%, and the market’s full-year rate cut expectations disappeared entirely; the market began pricing in “one rate hike + maintaining high interest rates throughout the year”

The downside effects have stopped dulling: the market’s previous resilience to rate cuts is no longer there; the PPI data triggered a broad sell-off across risk assets

The “dip” momentum switched rapidly: the funding rate moved from positive to negative, futures open interest fell by 12%, and large-scale long positions massively exited the market

Ongoing pressure from higher oil prices: although WTI crude oil fell slightly last night to 101 USD per barrel, the Middle East supply shortage problem remains unresolved, and inflation pressure will persist long term#美国4月PPI同比暴涨6% #JaneStreet减持比特币ETF