$BTC

The recently released US April PPI data all fell below previous values and expectations. This indicates that in the past few days, the US economy has not resolved inflation and may again be entering a deflationary scenario.

US April retail data only grew by 0.1%, possibly due to pessimism about the economic outlook caused by tariffs leading to a slowdown in consumption.

Powell continues to speak hawkishly, just recently subtly admitting that last year's interest rate cuts came too late, and if they delay again, this year's rate cuts may also come too late.

If there is no action by July, it can basically be confirmed that he is determined to wait for the bubble to burst before saving the market.

The market remains in a volatile trend; after breaking the support at 102000, the overall trend has begun to weaken further, with the next focus on the support at 100000.

Resistance levels: 104800 / 104000

Support levels: 102300 / 101600

Currently, the market is experiencing a downturn followed by sideways fluctuations, with the rebound strength not being strong. Tonight, be cautious of sharp drops and remember to set stop losses.

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