The current Bitcoin market exhibits a dual characteristic of short-term volatility and long-term bullishness. As of May 2025, the price stabilizes in the range of $93,000 to $96,000, with market volatility at a low of 563 days, indicating increased maturity. Institutional funds continue to flow in, with BlackRock's ETF seeing a net inflow of $970 million in a single day, totaling over $4.5 billion, accounting for 51% of the U.S. spot ETF market. Technical analysis shows that if Bitcoin breaks above the downward trend line and solidifies at the resistance level of $96,000, it may advance towards the $100,000 mark.

In the long term, optimized U.S. regulatory policies (such as the Bitcoin Strategic Reserve Act freezing 6% of circulation), rising expectations for interest rate cuts (as the labor market cools), and institutional trends (Fidelity calling Bitcoin 'undervalued') constitute core support, leading HC Wainwright to raise the target price to $225,000. However, in the short term, caution is needed regarding selling pressure around $96,000 and fluctuations triggered by macroeconomic data (such as GDP, PCE). Overall, Bitcoin remains in an upward cycle in 2025, and a pullback may present an entry opportunity. #比特币预测