5.15    Waiting for CPI to come, please insert the sword of Damocles

Pay attention to the impact of CPI at 8.30 today. The market expects 3.4%, and the previous value is 3.5%. As a consumer index, if this round of CPI is higher than market expectations, it means that inflationary pressure is too great. The Fed may accelerate the expectation of interest rate cuts, which is bearish for the market. If CPI is lower than 3.4% or equal to market expectations, then there will be no interest rate cuts in June, and even after September. The lower the CPI value, the better the market's short-term expectations.

The monthly rate of PPI in April was 0.5%, while the expectation was only 0.3%, and the previous value was 0.2%. This caused a certain decline in major mainstream assets in a short period of time, and the rise of the US dollar index also reduced bets on the Fed's September interest rate cut.

Bitcoin is mainly short today. When it goes up, look for pressure positions to go short. It is recommended to close the order before the CPI is announced. There may be continuous up and down pins on the news. Safety first.

Daily level market

- ​​Daily level bottom support appears, but the upper pressure is too great, daily level pressure is around 62200 and 63000, bottom support is around 61000 and 60800, and if it falls below, it will continue to look at the previous low.

4-hour level market

4-hour level large-scale slow rise and shock trend, recession and weakening in the short term, upper pressure is around 62200, lower support is around 61100, and after breaking, it will look at around 60800 and the previous low of 60200.

Intraday level analysis

----Bitcoin's intraday bottom is around 60800. The intraday trend is expected to continue to fall. We will continue to look for rebound shorts. We will look for short positions near 62200-62500 above. The goal is to break below 61100 and go to the previous low near 60200. If it is close to the previous low and CPI, we should be careful to leave. The market is greatly affected by news. If the CPI is good after entering, choose to enter the market with a short position at a large level, with a stop loss. 62500, 63500, 64500 or even higher positions can be opened on the right side. Because it is considered that the early trading is done in the morning, the market may change in the evening, so we recommend that you enter the market after the CPI comes out.

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