5.16 CPI is in line with expectations and is positive. Pay attention to pressure risks. Bitcoin spot ETF chips flowed in a large amount yesterday. Because CPI was in line with expectations, the market will not cut interest rates in June, but the probability of a rate cut in September will be greatly increased. There will be a positive rebound due to certain news factors in the short term. Pay attention to the pressure of the weekly level middle track to see if it can be successfully broken. There is also information on unemployment benefits during the day. Pay attention to the impact of small-level fluctuations and whether it overlaps with the weekly level pressure. The large range is still rising at the weekly level, but pay attention to the pressure near 67,500 above at the small level. Daily level market - The bottom support of the daily level appears, and the overlapping pressure position is successfully broken through by the news. The upper pressure is around 67,000-67,500. The weekly level is mainly strong, and the recent support is around 65,500. 4-hour level market The large-scale slow rise and shock trend at the 4-hour level strongly breaks through the overlapping pressure position. The bottom support position is around 65,500, the upper pressure is around 67,500, and the maximum support appears around 63,800. Intraday level analysis
-----Bitcoin shows a strong upward trend in the short term. In the short term, a large amount of funds will be refilled in the market. The market will go one-sided again in the short term, but the upper pressure of the four-hour level overlaps with the weekly level pressure. Choose to open long positions at low support or enter short positions at the upper key pressure.
The large-level strong pressure is around 67,500, the strong support position is around 63,800, and the recent support is around 65,000. If the sentiment is not digested in the short term, the market can still go bullish for a while.
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. #BTC走势分析