Short-term upper resistance, the market is showing a downward fluctuation. Yuumi is currently taking short positions in the evening. If the market cannot continue to break lower in the future, it may be considered to navigate within the market's fluctuation range. The low short position can be looked at again towards 103000/2620#美国PPI数据来袭 #美国加密立法 #CPI数据来袭

The impact of unemployment benefits on the market is relatively small, PPI data is bullish, but monthly retail sales are bearish, then old Powell made a simple vague statement.

Federal Reserve Chairman Powell:
1. Officials agreed that it is necessary to reconsider the strategic wording regarding labor market slack and average inflation rates.
2. No comments on the outlook or monetary policy;
3. April PCE may be around 2.2%.
4. It is appropriate to reconsider the average inflation target.
5. The Federal Reserve is conducting a two-day review of the framework adopted in 2020. The framework must be able to adapt to various situations, including a world where supply shocks may be more frequent and persistent.

From the flow of funds, we can also see the hesitation of institutional investors and large players. There has been some inflow of funds, but the price of cryptocurrencies has not experienced explosive growth. After Powell's speech, everyone moved to a straightforward strategy.

Currently, Bitcoin and Ethereum have not shown significant volatility. Yumi is still focusing on key levels of 103000/2580. If it stabilizes, it will continue to look up at 105000/2650, and then adjust with the fluctuation range. If it does not stabilize, it will continue to follow the short trend down to the support level of 101000/2480.