May 15, 2024

Yesterday, BTC held above the flow and avoided falling below $60,000. Resistance at $63,832.81 kept the price in a narrow range. Today's data is weak, continuing the volatile trend. #Bitcoin 

Net outflow of $934 million yesterday. BTC was unable to break through the short-term resistance. Today, the resistance moved to $63,938.36. Only a breakout and stabilization above this level for more than 24 hours can strengthen the short-term performance. #CryptoTrading

The protective support level moved from $60,601 to $60,378.64, which is consistent with the $60,000 level. Today, there is a risk of testing and breaking this support level. If it breaks, the price may fall to $58,176.58 - $56,787.81. #BTCAnalysis

At 20:30 (UTC+ 8) tonight, the key data of US CPI and retail sales in April will be released. If CPI ≤ 3.4%, a rebound is expected. If the data is higher than 3.4%, a decline will occur. 📊#Economy#Crypto

Overall, BTC weakened today and is expected to fluctuate in the early trading. As the US CPI is released, the volatility will increase. The short-term trend is volatile, and the long-term trend is still bullish. Buy on dips and focus on long positions. #CryptoMarket

Additional data:

Capital flow resistance: $61,838-$62,880

Daily K-line: 50% bullish, 50% bearish

Long/short ratio: 1.92 (favors shorts)

Global short-term long/short ratio: 49.2% long, 50.8% short

Funding rate: -0.0061% to 0.01%

Greed index: 66

Turnover: 17%