BlockBeats News, May 13th – QCP stated in a post that Bitcoin is currently still in a weak consolidation phase, but the market remains orderly overall. Despite ETF outflows and the US CPI slightly higher than expected, BTC is holding steady above $80,000, currently oscillating around $82,000. QCP believes that the downward momentum is weakening, but $84,000 remains a key resistance level.

QCP pointed out that the US core CPI in April rose by 2.8% year-on-year, exceeding the market's expectation of 2.7%, briefly pushing the 10-year US Treasury yield to 4.46%. Housing costs were a major driver of inflation, while core goods inflation, excluding housing, remained moderate, indicating that the impact of tariffs has not fully translated into goods inflation. However, QCP believes that the more critical issue lies in "Supercore" inflation, where core services inflation, excluding housing, has accelerated for the third consecutive month. This suggests that the Fed's threshold for interest rate cuts remains relatively high.

QCP stated that the current market is focusing on PPI data, the Trump-China leadership meeting, and the progress of the US "CLARITY Act." In the absence of new catalysts, BTC may continue to consolidate below $84,000 in the short term, while market volatility remains low.