5.14 Bulls on the edge of life and death 1. Yesterday, the U.S. reported a 6% surge in PPI. With both CPI and PPI reports out, hopes for a rate cut this year are dashed, and there's even speculation of one more rate hike this year. Yet, U.S. stocks continue to soar, and market sentiment remains euphoric. 2. BTC has reached 79,200, and ETH 2,220—this critical life-and-death line. If these levels are decisively broken, the rebound that started at 60K will come to an end, returning to a weekly-level bearish trend.