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Hello everyone, I am Cannon Teacher. Live broadcast at 10 pm tonight, CPI will be announced tomorrow night, and key signals have emerged in the market.
BTC rose to a high of 64200 yesterday and then fell back under pressure. Today, it hit a low of around 62300 and is currently oscillating narrowly in the 62500-63200 range. 64000-64500 has formed a clear resistance zone, with two consecutive days of ups and downs, indicating heavy selling pressure at this position. The support below looks at 61500-62000. The daily chart structure is in the stage of "consolidation at a low level after a sharp decline" - neither up nor down, waiting for guidance on the direction of CPI.
ETH reached a high of 1716 yesterday and a low of 1644 today, currently running around 1660. 1710-1720 forms a short-term strong resistance, with 1640 temporarily holding below, but the rebound is significantly weaker than BTC. The daily structure is still a weak repair after breaking through, lacking independent upward momentum.
ETF Fund Trends: The Bitcoin spot ETF had a net outflow of approximately $91.37 million yesterday, while BlackRock IBIT had a daily net outflow of $233 million. Institutional buying has not yet returned, but ARKB and Fidelity have seen small net inflows, with some funds tentatively buying at around 60000.
CPI Outlook (20:30 tomorrow): The market expects CPI to increase by 4.3% annually in May. If CPI exceeds expectations, it will further strengthen the expectation of the Federal Reserve raising interest rates, and BTC may retest the $60000 mark; If the CPI is lower than expected, the expectation of interest rate cuts will increase, and the rebound is expected to continue.
See you at 10 o'clock. On the eve of CPI, make sure to set a clear strategy and not bet on data, only respond.
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Disclaimer: The above content only represents the author's personal opinion and is intended to assist investors in understanding information related to the capital market. It does not constitute any investment advice and does not represent the position or viewpoint of AiCoin. The market is risky and investments should be made with caution.