PANews reported on May 10th that, according to Cointelegraph, the US April CPI data will be released on May 12th. The Cleveland Fed predicts a year-on-year increase of 3.56%, higher than March's 3.3%, which may strengthen expectations that the Fed will maintain high interest rates, suppressing risk assets such as Bitcoin. Current market support is weakening, and sensitivity to CPI data is increasing. Technically, the daily chart shows a rising wedge pattern; a break below $84,000 support could lead to a drop to $70,000; a break above the 200-day moving average could see a move towards $90,000-$95,000. Meanwhile, blockchain investigator ZachXBT is offering a $10,000 reward for evidence of market manipulation involving the LAB token and has entered wartime investigation mode.
Analysis: US April CPI may rise to 3.56%, Bitcoin faces the risk of a correction.
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Author: PA一线
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