Today's PPI data is also not good. Although it is below the previous value, it exceeds expectations. The month-over-month rate is higher than both the previous value and expectations. The annual and monthly rates of core PPI are also higher than previous and expected values. Inflation has been declining for two consecutive months, but this month may face some challenges, which is also a concern for investors. The rise in PPI is very likely to lead to an increase in PCE, which is not good news for U.S. monetary policy. However, in the long term, I am not very worried. On one hand, the tariffs that have suppressed the Federal Reserve's rate cuts have already yielded results. Once the tariff scare subsides, the probability of inflation declining increases. On the other hand, as June approaches, Federal Reserve Chair Jerome Powell is a very important card for Trump. There is indeed a chance to continue easing in the second half of 2026 to boost the mid-term elections. A pullback to around 1890-1878.8 can be used to add positions. The rebound target can be seen around 1928-1960. A rebound to around 1964-1995 can be used to short, with a target around 1820-1700.

#CanBitcoinReclaim$70K? A Defining Moment for the Market The crypto market is once again laser-focused on one key question: Can Bitcoin reclaim $70,000 — and hold it? This isn’t just about price. It’s about momentum, psychology, liquidity, and the broader macro narrative shaping risk assets worldwide. The $70K level represents more than resistance on a chart — it symbolizes confidence returning to the market. Let’s break it down. Why $70K Is So Important 1 Psychological Barrier Round numbers matter. Traders, institutions, algorithms — everyone sees $70,000. When price approaches levels like this, volume tends to surge. A decisive break above can trigger momentum buying, short liquidations, and renewed retail interest. 2 Historical Significance Reclaiming $70K places Bitcoin near prior cycle highs. Markets often struggle at previous peaks because investors who bought near the top may sell to “break even.” Overcoming that supply is a powerful bullish signal. 3 Structural Strength Post-Halving With reduced issuance following the most recent halving event, supply entering the market daily is significantly lower. When demand increases while supply tightens, price pressure builds over time. Institutional Influence Is Growing This cycle feels different because institutional participation is stronger than ever. Spot ETFs have created a regulated gateway for traditional capital to flow into Bitcoin. Pension funds, hedge funds, and asset managers now have easier exposure than in previous cycles. Consistent inflows provide structural demand rather than purely speculative spikes. If institutional accumulation continues while long-term holders remain firm, the available supply on exchanges shrinks — often a precursor to strong upward moves. Macro Conditions: The Wild Card Bitcoin doesn’t move in isolation. It reacts to: Interest rate expectations Inflation data Dollar strength Global liquidity conditions If central banks shift toward rate cuts or liquidity expansion, risk assets typically benefit. On the other hand, persistent inflation or tighter policy could delay a breakout. Bitcoin thrives in environments where capital seeks alternatives to traditional systems. On-Chain Signals to Watch Smart investors are looking beyond price. Key indicators include: Long-term holder accumulation Exchange reserves declining Realized cap trends Funding rates and leverage levels Healthy breakouts tend to happen when leverage is moderate, not excessive. If Bitcoin pushes toward $70K with controlled funding and strong spot demand, the move may be more sustainable. Risks and Resistance Let’s be clear: reclaiming $70K won’t be easy. There’s likely heavy resistance between $68K–$72K. Profit-taking, short-term traders, and algorithmic resistance levels could trigger volatility. Fake breakouts are common in crypto. A rejection at this level wouldn’t necessarily mean the bull market is over — it could simply mean more consolidation before the next attempt. What Happens If $70K Breaks? If Bitcoin decisively flips $70K into support: Momentum traders pile in Shorts get liquidated Retail attention increases Media coverage accelerates Altcoins often follow Psychology shifts quickly in crypto. What once looked like resistance suddenly becomes a launchpad. The Bigger Perspective Zooming out, Bitcoin remains in a long-term uptrend structure unless major macro conditions deteriorate. Consolidation below major resistance is normal before large expansion phases. Markets transfer coins from weak hands to strong hands before major moves. The real question isn’t just can Bitcoin reclaim $70K it’s whether demand is strong enough to absorb supply once it gets there. Final Thoughts $70,000 is more than a number. It’s a sentiment shift. It’s confidence returning. It’s momentum igniting. But crypto never moves in straight lines. Will this be the breakout that defines the next leg up or another test that builds pressure for something even bigger?