From a technical perspective, the daily MACD indicator remains in a golden cross, and the price is stable above the 20-day and 50-day moving averages. However, the 4-hour RSI is approaching the neutral area and the highs are descending, indicating a weakening buying momentum.

The market is currently waiting for signals from U.S. macroeconomic data, such as the PPI data to be released on May 15, as the lower-than-expected CPI data did not trigger a surge in cryptocurrency.