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.