BTC：As of May 8, 2025, the current price of BTC is $99,200; the daily closing pattern yesterday was a "Doji", and the trading volume was flat, reflecting a temporary balance of bullish and bearish forces in the market, with an unclear short-term direction. On-chain data shows that the U.S. spot Bitcoin ETF had a net inflow of 1,470 coins yesterday, valued at $142 million, indicating that institutional capital remains confident; Bitcoin is highly concentrated in the $92,000 to $97,000 range, with low selling willingness among long-term holders, forming strong support in this range. On the macro level, on May 7, the Federal Reserve kept interest rates unchanged, and Powell's hawkish statements intensified market volatility, but the rise of U.S. tech stocks provided a tailwind for Bitcoin. Overall, Bitcoin's current trend can be described as "three steps forward, one step back", showing a moderate upward movement interspersed with slight adjustments, demonstrating strong internal momentum. In the short term, Bitcoin is expected to continue its oscillating upward trend in the absence of significant negative news, but if the price quickly surges to the $101,500-$103,000 range or near $106,000, the risk of a pullback will also arise.