Theoretically speaking, even if Bitcoin has the opportunity to continue breaking new highs in the second quarter of this year (May and June), it may not rise too much. It is more likely to remain in a new high range and enter a phase of oscillation, unless there are significant new favorable driving factors in policy or macro data (mainly from the United States).

Because in May, there are still many important meetings and data to be released in the U.S., including the FOMC meeting on May 7 (Eastern Time), the SEC's cryptocurrency roundtable on May 12, the CPI data on May 13, and the retail sales data on May 15... etc. Therefore, in the next 1-2 weeks, we may continue to face short-term volatile conditions.

From a longer perspective, such as the weekly level, if no new black swan events occur, we may truly see $BTC break through historical highs in the second quarter of this year.

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