Tariff adjustments are short-term disturbances; in the long run, it's about the US dollar and institutions. Neutral to bearish: trade easing may trigger risk-averse capital withdrawal, and BTC might retest the $100,000 support; the long-term core logic remains the weakening of US dollar credit, and institutional accumulation of ETFs continues to support BTC bullishness to $120,000-$150,000.

May 12

BTC:

Still maintaining a strong consolidation following the rise, pay attention to the consolidation range on the 1H chart, repeatedly hitting new highs while the lows keep rising. Although the new highs are not substantial, it indicates a low willingness for the market to decline. Bitcoin remains strongly consolidated at high levels stabilizing the overall situation, while other altcoins are performing well, which is a sign of a bull market. Bitcoin should maintain long positions, and intra-day focus remains on the support around $103,000. Only if this support is broken will we see a larger correction. In intra-day operations, the main strategy is to buy on dips as long as there are no breakouts. The further support is at the $100,000 level.

ETH:

After three consecutive days of significant gains, yesterday recorded a small bearish candle, but the body of the bearish candle is less than one-third of the previous bullish candle, and even the lowest point only reached half of that, which still belongs to a normal correction. The short-term trend line of consecutive gains has broken, and ETH has entered a phase of high-level consolidation and adjustment, during which the market's volatility decreases. The consolidation is a correction of the previous significant rise, so during this phase, the focus is still on finding support for short-term trading, with intra-day support at [2440, 2340].