Thursday, the shakeout intensifies! Short-term does not look for a one-sided trend!

After the PPI data was released yesterday, the market believed that inflation expectations were too high, which had some impact on delaying future rate cuts, causing crypto risk assets to accelerate their exit, with the lowest dip to around 787 to halt the decline. One point is particularly strange—U.S. stocks did not fall sharply. Is it institutions manipulating the market with data to buy more, or is the market pricing in good news? This still needs to be tested.

Currently, after a sharp decline, we are entering a decision-making period. After three consecutive daily bearish candles, there should be some correction. Support is at 782-776. As long as the Bollinger middle band area is not effectively broken downward, we should not expect a deep decline. Resistance is at 805-813!

From on-chain data, the bottom-fishing army has not yet entered the market. In the short term, expect wide-range fluctuations to continue.

Today, for short-term trading, buy in the 776-780 area, look for 805. If it cannot hold steady, then re-evaluate!

Regarding the second coin, the approach is basically the same, buy in the 2230-20 area, look for 2285-2310!

Everyone, pay attention to controlling your positions. We are currently in a decision period! No clear signals have emerged yet! Be prepared for volatility! #美国4月PPI同比暴涨6% #特朗普5月13日访华 $BTC $ETH