0513 Big Pancake Thought:

Technical Aspect: RSI overbought signal indicates a short-term pullback or sideways consolidation, but if it holds the support at 104500, it may still challenge the resistance at 106000.

Macroeconomic Events: The US April CPI data will be released on the 13th. If inflation exceeds expectations, it may strengthen the Federal Reserve's hawkish stance, suppressing risk assets; if the data is moderate, it would be favorable for Bitcoin to break through resistance.

Market Behavior: The short positions of whales and the inflow of institutional funds create a tug-of-war between bulls and bears, and one must be wary of the risk of a "false breakout" followed by a pullback below 102000.

Support Levels: 104000-104500 is the short-term bull-bear dividing line.

101000 is the key support for medium-term pullback.

Resistance Levels: 105700 is the trigger point for whale liquidation. 106000-106100 is the resistance zone of previous highs.

$BTC Trading Advice

Go long if it holds above 104500, targeting 108000-110000; if it breaks below 101000, then observe.

Summary

Tomorrow's Bitcoin trend will be dominated by the CPI data and details of the China-US trade negotiations. The technical aspect leans towards a volatile pullback, but the long-term bullish trend remains unchanged. Attention should be paid to the breakout situation at the support level of 104000 and the resistance level of 106000, with strategies adjusted flexibly in conjunction with macro events. If CPI data exceeds expectations or whale selling pressure intensifies, it could trigger severe short-term volatility; it is recommended to respond to uncertainty with low leverage or spot positions. #BTC重返10万