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BTC: As of June 20, 2025, the current price of BTC is $106,400; the closing pattern yesterday was a 'doji', with trading volume sluggish, indicating an intensifying divergence between bulls and bears.

On-chain data shows that due to the US stock market being closed, recent trading volume and liquidity are low, with market activity approaching weekend levels. Despite ongoing geopolitical conflicts, early players remain stable in sentiment, with no significant sell-offs observed.

On a macro level, with the Federal Reserve delaying interest rate cut expectations and the combination of tariff policies and geopolitical events, the market is in a 'news-driven volatility period'. In a low liquidity trading environment, any black swan event could amplify volatility.

Overall, a strong support range has formed between $93,000 and $98,000, but the accumulation of chips in the range of $100,500 to $105,000 is rapid, especially in the range of $104,000 to $105,000, where over 1.2 million BTC are held. If the chips continue to concentrate, the market may face pressure for directional choices. In the short term, Bitcoin is often driven by external events during low liquidity phases, and the current oscillation pattern may continue.

Long-term entry points: $88,800-$89,100 range; $82,500-$82,800 range;

Position allocation suggestion: 50% of total position in long BTC;

The information and data in this content are sourced from publicly available materials, striving for accuracy and reliability, but no guarantees are made regarding the accuracy and completeness of the information. This content does not constitute investment advice; any investments made based on this content are at your own risk.

BTC: As of June 17, 2025, the current price of BTC is $106,500; yesterday's closing pattern was a 'spinning top', with trading volume moderately increasing compared to the previous day, indicating that the bulls currently have an advantage.

On-chain data shows that yesterday there was a net inflow of 3,872 Bitcoins (worth $409 million) into the U.S. spot Bitcoin ETF, reflecting strong institutional confidence. However, the rising turnover rate indicates that short-term players are exiting at high prices, while long-term holders remain calm, and the amount of coins held on platforms continues to decline, reflecting the market's preference for medium to long-term positioning.

On the macro level, the upcoming U.S. retail sales data (expected month-on-month -0.7%) and the Federal Reserve's dot plot on Thursday will have a key impact on future trends. If the data is weak, it may exacerbate expectations of economic slowdown, dragging down BTC's upward momentum.

Overall, while Bitcoin continues its rebound trend, whether it can further advance still depends on the upcoming macroeconomic data, especially the Federal Reserve's dot plot this Thursday, which will play a crucial guiding role in market trends. The price range of $93,000 to $98,000 has gathered a large amount of chips, but the price increase has not triggered significant sell-offs, indicating that this area still has solid support. However, from the two key dimensions of profit-taking and new capital inflows, there are signs of slowing upward momentum. The scale of profit-taking is shrinking, and new demand is also declining, which may suggest a weakening upward trend.

Long-term entry points: $88,800 - $89,100; $82,500 - $82,800;

Positioning suggestion: Long-term BTC should account for 50% of the total position;

The information and data in this content are sourced from publicly available materials, aiming for accuracy and reliability, but no guarantees are made regarding the accuracy and completeness of the information. This content does not constitute investment advice; any investments made based on it are at your own risk.

BTC: As of June 12, 2025, the current price of BTC is $107,600; yesterday's closing pattern was a 'small bearish candle,' with trading volume significantly reduced, indicating that market trading has become cautious, and short-term bears have a slight advantage.

On-chain data shows that yesterday, the net inflow of Bitcoin ETFs in the U.S. was 1,493 BTC (approximately $165 million), reflecting stable confidence among institutional players. However, the turnover rate continues to decline, and short-term holders are gradually reducing their positions. Although market sentiment is not panic-stricken, reduced liquidity may amplify volatility.

At a macro level, the worsening geopolitical situation in the Middle East (such as the evacuation of the U.S. embassy in Iraq) has triggered a pullback in global risk assets, but the impact is limited, resembling the short-term adjustment following the U.S. withdrawal from Afghanistan in 2021. The dynamics of U.S.-China trade and Federal Reserve policies remain dominant factors.

Overall, we still judge the current situation to be in a phase of a temporary top range. However, the chips in the $93,000 to $98,000 range still constitute strong support, and the reduction of holdings in this area is decreasing, indicating that the remaining holders are mostly long-term holders. As long as this portion of funds does not experience concentrated selling pressure, even if Bitcoin encounters a downturn, the adjustment space will be relatively limited.

Long-term entry points: $88,800 - $89,100 range; $82,500 - $82,800 range;

The information and data in this content are sourced from publicly available materials, striving for accuracy and reliability, but no guarantee is made regarding the accuracy and completeness of the information. This content does not constitute investment advice; investing based on it is at your own risk.

Brief Update: Bitcoin successfully returned to the $110,000 mark on June 9, appearing to have a strong rebound, but in reality, there are hidden concerns. By observing the key indicator of 'funds and price incremental gradient', we find that the inflow of funds has not increased in tandem, instead forming a typical divergence structure.

Looking back at the trend, the first divergence signal appeared on May 22, when the BTC price hit a new high, but the indicator did not rise in sync and recorded a lower peak, indicating that the capital strength in the market had begun to weaken at that time. The second divergence occurred on June 9, with the funds indicator dropping even deeper, further confirming the structural weakness within the market.

This divergence is not the first time it has appeared in history; its trend structure is quite similar to that in April and December 2024—during the short-term price surge, funds failed to continue flowing in, resulting in weak subsequent gains.

Of course, the short-term price increase in the market does not completely rely on fund-driven momentum; in the current environment of relatively low liquidity, player sentiment may also become a short-term driving force. However, sentiment is difficult to sustain, and the existence of divergence suggests that market momentum may be overdrawn.

Unless Bitcoin can achieve a strong surge in a very short time to completely reverse the current divergence situation, the market may face a trend of volatility or even a correction.

BTC: As of June 6, 2025, the current price of BTC is $103,000; the closing pattern yesterday was a "medium bearish candle", and trading volume increased, with short-term bearish sentiment prevailing. On-chain data shows that the US spot Bitcoin ETF had a net outflow of 2,661 BTC (approximately $278 million) yesterday, indicating institutional selling pressure, while loss-making players were more active in trading, and early players remain cautious. On the macro level, the ongoing dispute between Trump and Musk continues to disrupt market sentiment. If tonight's non-farm payroll data meets expectations, it may provide some support for the market. Overall, Bitcoin has seen a short-term pullback, but the overall market atmosphere remains stable. The support range of $93,000 to $98,000 shows strong resilience, and players are not exhibiting signs of panic. At this stage, it's uncertain whether Bitcoin will drop directly or experience a rebound after fluctuations; potential rebound levels are in the $107,500-$109,300 range; nobody knows. If a direct decline is chosen, the bottom of this round may be in the $88,000-$93,000 range. Patience is required while waiting for adjustments; a drop can be an opportunity, so don't panic. Long-term entry points: $88,800-$89,100 range; $82,500-$82,800 range;

Brief Update: In the short term, Bitcoin continues to oscillate around the $105,000 range, with overall market performance relatively mild. However, on-chain data reveals a concerning trend—capital concentration is rapidly increasing.

Data shows that over the past ten days, the capital concentration for Bitcoin has risen from a low of 5.3% to 10.6%, showing a clear acceleration. If this trend continues, it is expected to break the sensitive threshold of 15% in the next one to two weeks, potentially triggering a structural adjustment in the market.

From past cases, Bitcoin often experiences significant price fluctuations when capital concentration is too high. For example, in early May this year, when prices were consolidating around $94,000, capital concentration reached 15.5%, leading the market to choose an upward trend to facilitate capital redistribution. On February 21, when Bitcoin's concentration rose to 16.9% during its $96,000 plateau, it experienced a severe downward adjustment.

These historical performances indicate that when capital is too concentrated, the market usually undergoes strong fluctuations to reshuffle. Now, similar signals are emerging again; although there is currently no clear direction, once capital concentration breaks through key levels, the market may soon break its silence. It is expected that in the next 1-2 weeks, a direction will be chosen, during which Bitcoin still has the opportunity for a rebound, potentially reaching the $107,500-$108,600 range, at which point a downward trend may be selected.

Yesterday's strategy and levels remain unchanged; please refer to yesterday's strategy and levels.

BTC: As of June 4, 2025, the current price of BTC is $105,300; yesterday's closing pattern was a 'spinning top', indicating intense competition between bulls and bears, but the trading volume was relatively average, with short-term bears in the dominant position.

On-chain data shows that the U.S. spot Bitcoin ETF had a net inflow of 3,545 coins yesterday, valued at $375 million, indicating a recovery in institutional confidence! Although the turnover rate has increased recently, and there were large transfers of 230,000 BTC, this is just routine organization by platform wallets, with limited impact on price.

On the macro level, Trump recently raised steel tariffs and is scheduled to implement 'reciprocal tariffs' on July 8. Coupled with the unemployment and wage data to be released on Friday, market uncertainty is increasing, and close attention should be paid to the Federal Reserve's policy direction.

Overall, if Bitcoin rebounds above $108,500, it may signal the beginning of a larger adjustment. Smaller divergences often lead larger trends, but the transmission takes time. Current signals indicate that Bitcoin may enter a phase of topping range, but accurately predicting the top price is difficult. Most signals lean towards the left side; in a low liquidity environment, sudden events may change market paths. The $93,000 to $98,000 range serves as solid support.

Long-term entry points: $88,800-$89,100 range; $82,500-$82,800 range;

Position allocation advice: Long-term BTC should account for 50% of total positions;

The information and data in this content are sourced from publicly available materials, aiming for accuracy and reliability, but no guarantees are made regarding the accuracy and completeness of the information. This content does not constitute investment advice; any investment based on it is at your own risk.

BTC: As of June 3, 2025, the current price of BTC is $105,200; yesterday's closing pattern resembles a "hanging man," and trading volume has increased. Although this indicates a potential short-term rebound resistance, the increased volume shows that the bulls still have a willingness to resist.

On-chain data shows that the U.S. spot Bitcoin ETF experienced a net outflow of 2,534 coins yesterday, valued at $267 million; it appears that institutional funds have been maintaining a withdrawal trend recently. Meanwhile, CME has not yet filled the gap between $91,970 and $92,525, and historical statistics indicate that over 90% of gaps are filled within three months.

On the macro level, Trump has requested countries to submit trade negotiation plans by July 8, and preliminary results for the tariff lawsuit are expected in mid-June, with ongoing global economic uncertainty in the short term.

In summary, based on chip data, the $93,000 to $98,000 range remains the strongest support currently, with players holding these chips being very steadfast. The long-short ratio is currently at 0.98, suggesting that if there are no significant negative developments in the short term, Bitcoin is unlikely to experience a deep decline, and a short-term oscillation rebound trend is expected. Various data analyses conclude that the $111,980 Bitcoin may not be the highest peak; a rebound may occur later, and even new highs might be reached, but the market has likely entered a phase of peak range!

Long-term entry points: $88,800-$89,100 range; $82,500-$82,800 range;

Position allocation suggestion: Long-term BTC should account for 50% of the total position;

The information and data in this content are sourced from publicly available materials, striving for accuracy and reliability, but no guarantees are made regarding the accuracy and completeness of the information. This content does not constitute investment advice, and any investment based on it is at your own risk.

BTC: As of May 27, 2025, the current price of BTC is $109,300; the closing pattern from yesterday was a 'spinning top', indicating consolidation in a high range, showing that the battle between bulls and bears is becoming increasingly tense, with the short-term direction still to be confirmed. Trading volume has decreased, and momentum is weakening, with bulls having a slight advantage.

On-chain data from Coinglass indicates that if the price of Bitcoin breaks through $111,000, it will trigger short liquidation pressure of up to $1.135 billion on major centralized exchanges; if the price falls below $109,000, it will trigger a long liquidation risk of about $243 million.

On a macro level, Trump's camp has released positive signals, planning to raise $3 billion to invest in the crypto sector. Although this has not yet materialized, it has significantly boosted market sentiment. If this week's PCE inflation is lower than expected, it will add confidence to the cryptocurrency market.

Overall, the current support range for Bitcoin is between $93,000 and $98,000, showing resilience at the bottom, while support in the $100,000 to $105,000 range is relatively weak, mainly due to strong short-term speculative sentiment in the market. The increase in turnover rate indicates that a large number of short-term positions are being converted, and the market has not yet formed a unified direction, but overall sentiment is moderately strong. It is expected that Bitcoin will maintain a volatile upward trend in the short term.

The information and data in this content are sourced from publicly available materials and strive for accuracy and reliability, but no guarantees are made regarding the accuracy and completeness of the information. This content does not constitute investment advice, and any investment made based on it is at your own risk.

BTC: As of May 26, 2025, the current price of BTC is $110,000; yesterday's closing pattern was a "small bullish candle," with average trading volume and slightly insufficient market momentum. The weekly level recorded a "spinning top" with increased volume compared to last week, and the bullish trend remains strong. On-chain data shows low trading willingness, with a decline in turnover rate; holders at a loss are reducing their positions on dips, while profitable holders are exhibiting strong wait-and-see sentiment. Overall player confidence is stable, but there is no obvious FOMO sentiment. The range of $93,000 to $98,000 has a significant amount of positions, serving as an important defense line for Bitcoin at this stage. On a macro level, Trump's easing of tariff negotiations with the EU has boosted U.S. stock futures, with the Nasdaq futures rising over 1%, indicating a global recovery in risk appetite. The probability of the Federal Reserve maintaining interest rates in June is as high as 94.4%, and the expectation of a rate cut in July has risen to 23.9%, creating a favorable environment for Bitcoin. Overall, the long-short ratio has dropped to a relatively low level near 0.55, and there is no obvious FOMO sentiment in the market yet. Bitcoin has achieved seven consecutive weekly gains, and there is a possibility of a pullback to the 5-week line (around 104,700) this week. If Trump’s foreign policy does not create new uncertainties, even if Bitcoin experiences a certain degree of pullback, there is still a chance for it to maintain a fluctuating upward trend.

BTC: As of May 23, 2025, the current price of BTC is $110,800; the closing formation yesterday was a "small bullish candle," with trading volume slightly weakened compared to the previous trading day, indicating that while short-term bulls remain active, momentum is somewhat lacking. On-chain data shows that the U.S. spot Bitcoin ETF had a net inflow of 8,528 coins yesterday, valued at $935 million, with institutional confidence skyrocketing. Looking at the Hyperliquid platform, four players have used 40x leverage to hold nearly $1.2 billion in BTC long positions, all of which are in a floating profit state, reflecting robust market confidence—this phenomenon usually occurs in the mid-stage of a major upward trend. On a macro level, Federal Reserve Governor Waller mentioned the possibility of interest rate cuts in the second half of 2025, with low interest rate expectations favoring crypto assets, but in the short term, the market may need to digest overheating sentiments. Overall, the MVRV model indicates that the Bitcoin price top is approaching the red line (around $118,000), while the bottom is near the yellow line. Corrections in 2024 have stabilized around the yellow line, and the current red line represents a potential target for this market cycle. The Bitcoin supply on the platform has slightly increased (about 4,000 coins up from the lowest value), with limited selling pressure; long-term holdings (over one year) of Bitcoin continue to decrease, indicating that upward momentum is still present. In the short term, the daily Bitcoin price has deviated from the 5-day moving average, and it is expected that over the next week, a slight correction or consolidation may be needed to digest the current trend, at which point it may again maintain an upward trajectory.

BTC: As of May 21, 2025, the current price of BTC is $106,500; yesterday's closing pattern was a "small bullish candle," with trading volume decreasing compared to the previous day, indicating a weakening of bullish momentum, but the short-term trend remains bullish.

On-chain data shows that the U.S. spot Bitcoin ETF had a net inflow of $329 million yesterday, reflecting strong confidence from institutional investors. The market turnover rate has risen alongside price increases, with short-term investors becoming the main trading force, while recent bottom-fishers have noticeably reduced their holdings, and long-term holders remain steadfast. The chip distribution indicates that the $93,000-$98,000 range serves as the strongest support, while over 1.4 million Bitcoins are accumulated near the $102,000 mark, mostly held for the short term, which could present a selling risk if negative news emerges.

On a macro level, Federal Reserve officials have stated that there are no expectations for adjustments to monetary policy, and the market lacks key data drivers, making short-term price fluctuations likely influenced more by geopolitical factors (such as U.S.-China trade relations and the Russia-Ukraine situation).

Overall, Bitcoin has shown a strong upward trend, reaching $107,985, just a step away from its all-time high. In the past week, the market has lacked significant macro data support, with price fluctuations driven more by external factors. Developments in Trump's policies, signs of easing U.S.-China trade relations, and even the potential end of the Russia-Ukraine conflict could all act as catalysts to push Bitcoin higher. Furthermore, the long-short ratio has dropped to a historical low of 0.44, with bearish sentiment running high. On May 20, Bitcoin futures' open interest reached a record $72 billion, indicating that a short squeeze may be brewing. The current high-level fluctuations could be a game of cat and mouse before the shorts get “squeezed,” necessitating close attention to changes in the long-short ratio, as the real adjustment may come after a bearish collapse.

The information and data in this content are sourced from publicly available materials, striving for accuracy and reliability, but no guarantees are made regarding the accuracy and completeness of the information. This content does not constitute investment advice, and any investments made based on it are at your own risk.

BTC: As of May 20, 2025, the current price of BTC is $105,100. The closing pattern from yesterday resembles a 'hanging man,' which typically appears at the end of an upward trend and usually indicates a potential pullback signal. Analyzing trading volume shows an increase in bearish momentum, indicating that the market might face adjustment pressure in the short term.

On-chain data shows that the net inflow of Bitcoin ETF in the U.S. is 6,272 BTC (approximately $667 million), reflecting strong confidence from institutional investors; small players (holding <1 BTC) have slightly increased their positions (+0.55), while medium to large players (100-10,000 BTC) have significantly increased their holdings (+0.9 and +0.85), but holders of 1-10 BTC are still net sellers, indicating short-term profit-taking behavior.

On a macro level, the probability of the Federal Reserve not lowering interest rates in June and July exceeds 91% and 66%, respectively, while high U.S. Treasury yields and escalating U.S.-China trade tensions bring uncertainty to the market. Despite optimistic sentiment from Russia-Ukraine negotiations and trade prospects, weakened expectations for interest rate cuts may suppress the performance of risk assets.

Overall, trading Bitcoin in the short term is quite challenging; although there is a certain probability of reaching new highs in the future, the sustainability is not highly regarded. If new highs are achieved again, then the risk is likely to emerge! On-chain data for BTC reflects the confidence of holders, but the synchronization of net outflows from exchanges and a surge in OTC trading suggests that major funds may be 'offloading' at high prices. This strategy exploits market FOMO sentiment, artificially raising prices through low sell pressure while discreetly shifting chips to OTC for cashing out, rather than genuinely being bullish. From a chip perspective, a significant number of chips have accumulated around $102,000, forming a certain level of support; however, the range between $93,000 and $98,000 remains very strong support, with not many chips being reduced in this range, making it the most densely populated chip area.

The information and data in this content are sourced from publicly available materials and strive for accuracy and reliability, but no guarantees are made regarding the accuracy and completeness of the information. This content does not constitute investment advice, and any investment based on it is at your own risk.

BTC: As of May 19, 2025, the current price of BTC is $103,100; yesterday's closing pattern was a "small bullish candle," indicating increased confidence among bulls, with trading volume rising compared to the previous day, suggesting higher market participation. The closing pattern at 8 AM tomorrow is crucial, as it may form a "dark cloud cover" pattern. If confirmed, a short-term top signal will appear, indicating a risk of correction.

On-chain data shows that last week, Bitcoin spot ETF had a net inflow of $604 million, and Ethereum spot ETF had a net inflow of $41.59 million; indicating continued inflow of institutional funds.

On the macro level, Moody's downgrade of the U.S. credit rating has caused market volatility, compounded by Trump's policy statements, leading to market sentiment being driven by multiple factors. The Federal Reserve's dot plot for June and the expiration of tariff exemptions in July may bring uncertainty.

In summary, technical analysis shows that Bitcoin is at a critical stage. The $93,000 to $98,000 range is a strong support zone, remaining solid. The chips around $82,000 have largely been cleared, with remaining players mostly being long-term holders. The chips around $102,000 are primarily speculative short-term positions, making it difficult to form effective support. Bitcoin may form a "dark cloud cover" pattern on the daily level by tomorrow morning, and if confirmed, it may indicate a short-term top, with a potential for a larger correction. The opening of the U.S. stock market tonight and the closing at 8 AM tomorrow are particularly important, as they will determine the subsequent trend.

The information and data contained in this content are sourced from publicly available materials, aiming for accuracy and reliability; however, no guarantee is made regarding the accuracy and completeness of the information. This content does not constitute investment advice, and any investment based on it is at your own risk.

BTC: As of May 14, 2025, the current price of BTC is $103,700; yesterday's closing pattern was a 'small bullish candlestick', but the trading volume decreased compared to the previous day, indicating a weakening of bullish momentum. On-chain data shows that yesterday, there was a net outflow of 890 Bitcoin (approximately $9.14 million) from the U.S. spot Bitcoin ETF, revealing selling pressure from institutions. The current turnover rate is on par with the previous day, lacking new capital inflow, with the market primarily consisting of short-term speculators, and a high profit-taking ratio, while long-term holders are limited in their participation, indicating insufficient market confidence. On a macro level, last night's CPI decreased by 0.1% month-on-month, which is a short-term positive for Bitcoin, but the expectation of a rate cut by the Federal Reserve in July has weakened (CME FedWatch shows an increased probability of maintaining interest rates), posing potential medium-term risks to the market. Overall, Bitcoin is in a short-term consolidation pattern, and caution is advised regarding the risks of a pullback due to shrinking trading volume. From the perspective of chip data, a large number of chips have accumulated in the range of $93,000 to $98,000, forming a solid defense line and providing reliable support for the price in the short term.

BTC: As of May 13, 2025, the current price of BTC is $102,700; it has decreased by 1.27% within 24 hours, with a low of $100,700. Yesterday's high close pattern was a 'spinning top', accompanied by a certain volume, indicating a lack of strength from the bulls and a dominance of the bears in the short term. On-chain data shows that the net inflow of U.S. spot Bitcoin ETFs yesterday was 49.96 BTC (approximately $5.2 million), with limited institutional fund inflow but confidence not lost. Trading volume was concentrated in the U.S. session, coinciding with the U.S. Treasury auction (3-month and 6-month), which performed weakly (rising yields, declining subscription multiples), potentially leading some funds to flow from Bitcoin to U.S. Treasuries. The turnover rate data indicates that trading activity has not significantly exceeded last week, and players are not panicking due to the decline, with most still holding an optimistic view on the market outlook. On a macro level, the U.S. dollar index has risen to 101.5, and the 10-year U.S. Treasury yield reached 4.46%, with the Federal Reserve's interest rate cut expectations adjusted down to two times, both of which exert pressure on risk assets. In summary, although the price is under pressure, Bitcoin demonstrates strong resilience. The technical aspect also provides support: the support range of $96,000 to $98,000 is solid, indicating that the market is in a healthy adjustment phase in the short term. However, there has been a divergence in the overall direction of Bitcoin's trend, and the difficulty is increasing. Normally, higher demand leads to higher prices; currently, there is a divergence between price and demand, suggesting that it may not be able to push prices further. Therefore, the conditions for a violent bull market are still not mature at this time. This implies that Ethereum and altcoins cannot be expected to reverse at the moment! Next week, focus on whether Ethereum's weekly BOLL can hold up! This could determine whether the market will reverse or rebound?

BTC: As of May 12, 2025, the current price of BTC is $104,000; yesterday's closing pattern was a "small bearish candle," indicating a temporary balance of bullish and bearish forces, but the weekly level shows a "large bullish candle," suggesting that the medium to long-term trend remains bullish. On-chain data shows low weekend turnover rates, and market selling pressure is relatively small, with bulls still in control. On a macro level, the US-China 90-day tariff agreement (30% on the US side, 10% on the China side) boosts market confidence, and the rise in CME futures reflects optimistic sentiment. However, this week's CPI, PPI, and retail sales data will directly impact expectations for Federal Reserve policy; if inflation exceeds expectations, BTC may come under pressure. Overall, Bitcoin may continue to fluctuate in the short term, with a focus on the defense of the support level at $96,300; if it stabilizes, it will further advance; if it fails to hold, caution is warranted regarding the risk of a pullback, with the overall direction remaining bullish.

BTC: As of May 9, 2025, the current price of BTC is $103,600; the daily closing pattern from yesterday was a 'medium bullish line', with volume increasing compared to the previous day, indicating strong bullish momentum at present.

On-chain data shows that the U.S. spot Bitcoin ETF had a net inflow of 1,210 BTC (equivalent to $117 million) yesterday, indicating that institutional confidence remains solid; the turnover rate has decreased, and the total BTC supply on exchanges continues to decline, showing limited selling pressure, with chips concentrating towards long-term holders. A slight reduction in the range of $92,000-$97,000 has not damaged support.

On a macro level, the New Hampshire Strategic Reserve Bill, the Trump UK-US trade agreement, and expectations of easing from Long Ge overshadowed Powell's pessimistic remarks.

Overall, the current market is driven by events, with FOMO sentiments pushing prices higher; however, monetary policy has not yet shifted towards easing, and short-term volatility risks still exist. Technically, $107,300 is the next resistance level. If favorable conditions continue to develop, BTC is expected to challenge new highs, and ETH's subsequent rise also injects confidence into the market.

The information and data contained in this content are sourced from publicly available materials, striving for accuracy and reliability, but no guarantees are made regarding the accuracy and completeness of the information. This content does not constitute investment advice, and any investment based on it is at your own risk.

BTC: As of May 8, 2025, the current price of BTC is $99,200; the daily closing pattern yesterday was a 'Doji', with trading volume remaining subdued, reflecting a temporary balance of bullish and bearish forces in the market, and the short-term direction is unclear. On-chain data shows that yesterday, the net inflow of the U.S. spot Bitcoin ETF was 1,470 coins, worth $142 million, indicating that institutional investor confidence remains intact; Bitcoin is highly concentrated in the range of $92,000 to $97,000, with long-term holders showing a low willingness to sell, which forms strong support in this range. On a macro level, on May 7, the Federal Reserve maintained interest rates, and Powell's hawkish remarks intensified market fluctuations, but the rise of U.S. tech stocks provided a tailwind for Bitcoin. Overall, the current trend of Bitcoin can be described as 'three steps forward, one step back', gently rising with slight adjustments, demonstrating strong endogenous momentum. In the short term, Bitcoin is expected to continue its upward trend amid a lack of significant negative factors, but if the price quickly surges to the range of $101,500 to $103,000 or near $106,000, the risk of a pullback will follow.

BTC: As of May 6, 2025, the current price of BTC is $94,100; the daily closing pattern yesterday was a 'spinning top', indicating a fierce battle between bulls and bears, with bulls temporarily in control, but the trading volume is average, suggesting that bullish momentum has weakened. The weekly level 'shooting star' pattern indicates a bearish outlook, and caution is advised regarding bearish signals.

On-chain data shows that the U.S. spot Bitcoin ETF had a net inflow of 4,516 coins (approximately $425 million) yesterday, indicating that institutional funds still have confidence in the current price, and the Bitcoin supply in the $92,000-$97,000 range has increased, suggesting that the market recognizes this range as support.

On the macro level, this week the market focus is on the Federal Reserve's interest rate meeting early Thursday morning. Before the meeting results are announced, market sentiment will remain cautious, and high volatility may continue.

Overall, Bitcoin may continue a short-term downward trend, with a recommendation to watch the $92,200 support level; if it breaks below, it may further test down to $88,000. It is essential to closely monitor changes in trading volume and the progress of macro events.