QCP: Inflation Data to Be Released; BTC May Remain Range-Bound in the Short Term

ChainCatcher report: According to QCP analysis, this week features a dense calendar of macro events, with market focus centered on three key themes: First, Trump and Xi Jinping are set to meet in Beijing this week, with discussions covering tariffs, rare earth supply chains, and the Middle East situation; the market is watching closely for any substantive progress in trade relations. Second, April’s CPI, PPI, and retail sales data will be released sequentially; if inflation stabilizes, real yields may decline—a historical catalyst for support in crypto markets—while higher-than-expected readings could reinforce expectations of tighter monetary policy. Third, the U.S. Senate Banking Committee will review the CLARITY Act; legislative progress could further encourage institutional capital inflows. Despite last week’s ETF outflows, BTC has held above the $80,000 level, with crypto volatility remaining at this year’s lows—the VIX is around 18—and BTC is likely to remain range-bound in the short term, with $84,000 serving as a key resistance level.