The large pancake has risen to the pressure level near 95,000 points for a whole week. As of now, the on-chain chip ratio of Bitcoin near the 95,000 point range has reached over 10% of Bitcoin's liquidity. This data often indicates that the majority of Bitcoin players believe there is still profit space for further price increases.

From the bullish volume data, last Wednesday when it first hit 95,000 points, the upward driving force of the bulls was the strongest. After several attempts, the bullish driving force has gradually weakened. Without absolute favorable conditions in the short term, it will be relatively difficult for the large pancake to break through this pressure position in one go. However, it is undeniable that the market risk for a downward trend has significantly decreased, and after the adjustment, a widespread bullish trend will be the main theme for a period of time.

In May, the macro policy faces the strongest liquidity increase and decrease duel since this cycle began. Although traders generally predict a new round of interest rate cuts starting in June, under the leadership of Trump, who brings the greatest uncertainty in history, whether unexpected events will occur in the U.S. economy remains to be discussed. Objectively speaking, the friction of uncertainty between Trump and the Federal Reserve is a good catalyst for increasing liquidity in the crypto market.

On the data front, last week the net inflow of Bitcoin spot ETFs was $3.006 billion, and the net inflow of Ethereum spot ETFs was $157 million. Based on weekly net inflow data, $3.006 billion is the second-largest weekly net inflow since the inception of Bitcoin spot ETFs. Overall, macro funds have turned back to the crypto market.

Trump's team is recently seeking to alleviate the impact of auto tariffs. From a series of statements following the strongest tariffs, it is evident that Trump is indeed in a difficult situation. The communication efficiency with China is expected to rise indefinitely in May, and after May, as we approach mid-year, everyone will need to consider necessary measures for economic growth in the second half of the year. Trust in the wisdom of top politicians; before the cold winter comes, there will always be a warm coat for everyone.

Yesterday, the net inflow of Bitcoin spot ETFs was $591 million, and the net inflow of Ethereum spot ETFs was $64.12 million. V God has recently spoken a lot about Ethereum's reforms, whether it is to make it a generally applicable public chain in the market or a highly efficient public chain. Uncle San believes that as long as the fundamental price of Ethereum does not change, the likelihood of just talking without action is quite high.

(200k USD plan) Currently, the yield is 15.4%, while Bitcoin's increase is 12.19%. The small and micro advantages continue to lead the large pancake. Among the 15 altcoins, 7 have a holding increase of over 30%, which is nearly half, with SUI continuing to lead. Being conservative, the overall yield is expected to exceed 50% by late May, so everyone stay tuned.

The technical competition among several large exchanges has been quite intense recently, whether it's wallets or Alpha, both are effectively competing for the existing market users. I remember when a certain wallet's new feature first led the market, it ignited interest in inscriptions and memes. The wealth effect often accompanies updates in the innovative framework within the industry, and hopefully, this time will be no exception.

BTC: Bitcoin bullish volume has briefly retreated, with the technical four-hour high at 95,800 points and the low around 93,800 points. Pay attention to the short-term supply relationship; in the trend where there is no foundation for a continued significant drop, the Bitcoin strategy of buying on dips is generally correct.

ETH: May is quite important for Ethereum and can basically determine the high point of this round of interest rate cut wave. In the short term, it is correlated with the large pancake.

SOL: Previously, near 130 points, I repeatedly warned to pay attention. The target high is 180 points, and it is currently adjusting around 150 points; the trend expectation remains unchanged for now.

SUI: The four-hour range is adjusting, with the bottom of the range at 3.3 points. If it touches support and rebounds after the adjustment, it is expected to move towards a new short-term high.

Altcoin section: Focus on Solana ecosystem tokens. Recently, the profit effect of new coins has emerged, which is not as drastic as last year when they fell immediately upon launch, indicating a relatively good signal within the cycle. In terms of sector rotation, besides memes, the focus is still on AI, where the cost-performance ratio of opportunities will be better. Other discussions can be exchanged in the comments section.

The fear and greed index is at 60 for the day.

Finally, stay away from leverage and stock up on spot!​​​#加密市场反弹 $BTC