Main takeout:
Bitcoin shows the weakness of weakness in the uphill channel.
The lower US Consumer Price Index (CPI) printing can improve Bitcoin, but the higher the CPI, the higher the pressure, the price drop is less than $ 100,000.
The Bitcoin (BTC) price reached $ 105,800 on May 12, but raised 3% deep in the New York trading session for $ 101,400. In the Lower-Time Frame (LTF) chart, the BTC vibrated between the uphill-order channel pattern before it showed a weak brake out under the bottom range of the pattern.
Regarding BTC’s stigma momentum, the data analysis platform Alphractal pointed out that BTC re -testing nearly $ 106,000 has increased the possibility of profits. According to Joao Wedson, CEO of Alphractal, Bitcoin is currently approaching the “alpha price” zone, as shown in the chart, long -term holders or whales can benefit.
From the perspective of liquidation, if the risk of “long” compression rises and the price drops to $ 100,000, the long position at risk of liquidation is over $ 3.4 billion. This range can serve as a magnet of the price and can be re -examined near the psychological level.
Related: Bitcoin All-time High Cues are coming while US-HINA transactions are sent to one month height.
CPI data is in danger of Bitcoin trader.
Currently, BTC modifications can reflect the dangerous traders on May 13 before the US Consumer Price Index (CPI) release. Previously, the March CPI, which was announced on April 10, fell 2.4%from 2.8%to 2.8%from 2.8%and 2.4%despite the prediction of 2.5%. The CPI in April is expected to remain at 2.4%due to steady energy prices during the mediation of oil production balance and wage increase.
The lower CPI (potentially third consecutive) may be optimistic for Bitcoin, and in 2025, it can signal federal reserves cuts to improve risk assets such as stocks and cryptocurrencies. On the contrary, CPIs higher than expected, which can increase inflation fear, strengthen dollars, and press BTC.
If the weak pressure on the BTC chart continues after the CPI printing, the main area of interest is between $ 100,500, which is a FVG of the 4 -hour chart, to $ 99,700.
Another FVG remains from $ 98,680 to $ 97,363, which is 8%modified at the recent maximum.
Related: Bitcoin and Altcoins are in a rally for US-HINA customs contracts.
This article does not include investment advice or recommendation. All investment and trading measures include risks, and the reader must do his own research when making a decision.