$BTC points
- Support Level: Short-term $94,381, strong support at $85,000.
- Resistance Level: Short-term $99,449, historical high at $109,021.
Technical Signals
- Overbought Risk: RSI breaking 70 may trigger a pullback.
- Bullish Breakout: Stabilizing above $99,449 or rising towards $105,000-$110,000.
- Bearish Breakdown: Falling below $94,381 may test $85,000.
Influencing Factors
1. Institutional Dynamics: MicroStrategy increased holdings by 6,911 BTC (total holdings over 500,000), sending positive signals.
2. Macroeconomics: May 13 U.S. CPI data (expected 2.6%) may impact Federal Reserve policy, easing expectations are favorable for BTC.
3. Regulatory Environment: The Trump administration's attitude towards cryptocurrencies is friendly, but tariff policies may cause volatility.
4. Market Sentiment: Mixed long and short views on platform X, leading to increased short-term volatility.
5. Technical Patterns: Ascending triangle converging, breakout direction may be chosen between May 13-15.
Forecast for the Next Two Weeks (until May 22)