QCP: With inflation data being released intensively, BTC may maintain range-bound fluctuations in the short term

According to QCP analysis, this week is packed with macro events, and the market focus is on three main lines: first, Trump and Xi Jinping will meet in Beijing this week, with topics covering tariffs, rare earth supply chains, and the situation in the Middle East. The market is concerned about whether substantial progress can be made in trade; second, the April CPI, PPI, and retail sales data will be released successively. If inflation stabilizes, real yields are expected to decline, historically providing support for the crypto market; conversely, it will strengthen tightening expectations; third, the U.S. Senate Banking Committee will review the CLARITY Act, and legislative progress may further drive institutional funds into the market.

Currently, despite BTC facing ETF fund outflows last week, it has still maintained the $80,000 level. Crypto volatility remains at a low for the year, with the VIX around 18. In the short term, BTC is likely to maintain a range-bound fluctuation, with $84,000 as a key resistance level.