In the market prediction, the year-on-year growth rate of the US CPI in April is expected to remain unchanged at 2.4%. If this expectation comes true, the market is likely to view this inflation report as positive news, not to mention if it is even lower. Therefore, this week's inflation data could serve as a catalyst for Bitcoin's increase or potentially drive Bitcoin to new highs.

Regarding ETFs, last week there was a net inflow of $934 million into Bitcoin spot ETFs, marking four consecutive weeks of net inflows. These inflows are unlikely to exit quickly. However, as there have been net inflows for four weeks, based on past trends, it is essentially at a critical point for a phased adjustment.

Additionally, there is the SEC. The SEC chairman continuously releases positive news for the crypto market, such as the recent formal announcement to shift towards more supportive regulatory policies for cryptocurrencies, with plans to formulate new guidelines regarding issuance and custody. Therefore, there is unlikely to be any negative news in this area, which can be seen as a reassuring factor for the entire market. The historical legal issues have also been largely resolved, with each resolution leading to significant surges, so this news area is also worth paying close attention to.