$BTC Market Drivers

Macroeconomic Policy:

The Federal Reserve keeps interest rates unchanged, Powell warns of inflation risks, and market expectations for a June rate cut drop to 30%, but BTC shows resilience.

The U.S. OCC allows banks to engage in stablecoin business, enhancing institutional participation confidence.

Capital Flows:

ETF continues to see net inflows: BlackRock's Bitcoin ETF has seen funds flow in for 16 consecutive days, with an additional 280 BTC (approximately $36 million) on a single day, totaling $6.96 billion year-to-date.

Exchange Net Outflows: On-chain data shows that net outflows of BTC from exchanges like Coinbase have increased, reflecting a tendency for long-term holding.

Market Sentiment:

Bitcoin futures open interest increases by $189 million, with trading volume growing by 15%, indicating accumulation of long positions.

Expectations for the Trump administration's "National Bitcoin Reserve" policy are fermenting, constituting a medium-term positive outlook.

IV. Operational Strategy Recommendations

Breakout Follow-up:

Entry Condition: Effective breakout above $98,000 and sustained with increased trading volume.

Target: $100,000 (short-term), $105,000-$112,000 (medium-term).

Stop Loss: Below $96,000, controlling the risk within 3%.

Buy on Dips:

Support Range: $94,500-$95,500, can buy in batches.

Stop Loss: Below $92,700, to prevent extreme pullbacks.

Risk Warning:

Be cautious of selling pressure in the $97,000-$98,000 range and the risk of "false breakouts."

Pay attention to economic data (such as CPI, PPI) before the Federal Reserve's June meeting and its impact on market sentiment.