$BTC

《2025.5.1：BTC》

On the technical front, the market continues to consolidate, with daily bullish panic gradually dissipating. Multiple validations of support at lower levels have been effective, and the center of gravity has slightly shifted upwards.

The pressure at 96000 still persists, while the support level has moved up to 92000.

Yesterday's data release indicated that the US GDP has begun to fall into recession, with the effects of tariffs becoming apparent.

After a significant drop at market open, US stock indices have rebounded, with Microsoft and META's earnings reports still exceeding expectations, showcasing strong market resilience.

At the same time, we observe that crude oil, gold, and commodities are experiencing a sharp decline, while the US dollar index is rising.

In summary, the market is clearly betting that "recession pressures will soon compel Trump to lift tariffs, restoring trust in dollar assets."

Expectations for cryptocurrencies may be more flexible, with a diverse and optimistic buying composition, and the current market maintains high resilience.

To make further upward movement from this price level, it may still require waiting for clear easing of trade tensions, while Powell's current stance indicates that interest rate cuts are difficult to initiate under high tariffs.