$BTC BTC Pair (BTC/USDT) Market Overview

As of May 13, 2025, the price of Bitcoin has dropped to around $102,000, with a daily decline of 1.27% and an intraday fluctuation range of $100,700-$104,373. The technical analysis shows short-term overbought pressure: RSI is nearing 70, the MACD daily histogram is decreasing, and the upper Bollinger Band is showing significant resistance. If it falls below the psychological level of $100,000, it may trigger a technical sell-off. Support levels are focused on the $100,000-$104,000 range, while resistance levels at $108,000-$110,000 are historical areas of dense trading.

The fundamentals are mixed: market sentiment is cautious ahead of the release of the U.S. CPI data, and the expectation for the Federal Reserve to cut interest rates has been pushed to September, suppressing short-term risk appetite. However, the Bitcoin spot ETF has seen a net inflow for 20 consecutive days (totaling over $62.9 billion), providing strong support. On-chain data from institutions shows that large wallets are increasing their holdings, and the logic for a medium- to long-term bull market remains unchanged.

Trading Suggestions: For short-term trading, consider shorting lightly in the range of $103,500-$104,500, with a stop-loss at $105,500; if it stabilizes upon retracing to the $100,000-$100,500 range, consider going long with a target above $102,500 and a strict stop-loss of $500. For medium- to long-term trading, if it holds above $100,000, a pullback may present an opportunity to position for long orders, with a target looking towards $120,000-$130,000. Be cautious of regulatory policies and liquidity risks.