5-14 Market Analysis

Yesterday's CPI data was below ideal expectations. Against the backdrop of continued inflationary pressures, MG unexpectedly rose against the trend, and the currency market also experienced a wave of upward movement.

Hourly Technical Analysis:

The Bitcoin price has retraced after breaking through a key level, with various indicators turning bearish in succession, increasing downward pressure in the short term. The K-line has closed several bearish candles consecutively, indicating that the short-term upward trend in the market has reached its peak. A subsequent retracement is expected.

4-Hour Technical Analysis:

The K-line price movement has formed a V-shaped reversal and is trending downwards. This indicates that bearish forces have become stronger than bullish forces.

It is recommended to focus on rebounding operations at high levels during the day.