♤♡◇♧Analysis: Bitcoin may face corrective pressure; market sentiment turns cautious ahead of CPI 👇👇👇👇👇 Key points: According to Odaily market analysis, with the U.S. April CPI data scheduled for release on May 12, Bitcoin may face increased downside correction pressure. Cleveland Fed forecast: U.S. headline CPI for April is expected to rise to 3.56% YoY (up from 3.3% in March). Implication: This strengthens expectations that the Federal Reserve is unlikely to cut interest rates in the near term, which tends to weigh on risk assets like Bitcoin. Market situation: Current market support is weakening. Strategy& has temporarily paused Bitcoin purchases. Institutional absorption of new Bitcoin supply is slowing. Market sensitivity to CPI data is increasing again. Technical outlook: Bitcoin’s daily chart is forming a classic rising wedge pattern: Bearish scenario: If price breaks below the key support around $84,000, it may decline further toward $70,000. Bullish scenario: If it successfully breaks above the 200-day moving average resistance, upside potential could extend to $90,000 – $95,000. $BTC #BitcoinETF6WeekInflows #SECDualTrackCrypto #OKXPreIPOPerpsGoLive