5.14 Liquidity is extremely scarce, approaching a change cycle
OpenAI launches a faster and cheaper AI model for all users. OpenAI has launched a faster and cheaper artificial intelligence model to support its chatbot ChatGPT. In a live broadcast event on Monday, OpenAI launched a new large language model GPT-4o. This is an updated version of its GPT-4 model, which has been on the market for more than a year. The upcoming Google Developer Conference is expected to release more artificial intelligence models at this conference.
PPI and CPI tomorrow night will be announced in the evening. Now the big cake focuses on the news factors. If it cannot reach the key position, then the market will continue to fluctuate widely at a large level in the future. The pressure of the fluctuation is around 65800. Just pay attention to the risk of falling back after rushing to this position.
Daily level market
- The bottom of the daily level appears, and the market is repaired. The lower support position is around 61300, and the middle rail support is 62500-62200. The upper pressure is around 63500, and the maximum pressure of this round is around 66000.
4-hour level market
The 4-hour level has a large-scale slow rise and oscillation trend, and there are signs of weakening in the short term. The upper pressure is around 63500-63800, and the support is around 60800-61000.
Intraday level analysis
----Bitcoin has successfully repaired the bottom during the day, breaking through one level at a time, with the upper pressure around 63500. After the breakthrough, it will start to move to a higher position, but the focus is still on the impact of the news during the day. PPI and tomorrow's CPI are both highlights. Small-level slow rise trend, pay attention to the 4-hour lead to the market retracement. As for which support is entering the market, the long 62200 defense position, after breaking through, the intraday market weakens and looks at the 4-hour support. Wait for PPI to digest the sentiment during the day, and wait for CPI to mobilize the sentiment tomorrow. For the time being, Bitcoin lacks active funds and is in a stagnant state.
The previous value of CPI was 3.5%, and the estimated value was 3.4%. If this round of CPI continues to maintain 3.5% or higher 3.6%, then the market will usher in another wave of collapse. Although it is impossible to raise interest rates, it is possible that the market will continue to reduce the annual interest rate cut expectations.
The market has changed very quickly recently. If you want to adjust your position or don't understand the trend, you are welcome to communicate and learn. If you want to follow, please leave a message in the comment area. #美国4月CPI通胀数据即将公布 #BTC走势分析 $BTC