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

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

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

In summary, the current market is driven by events, with FOMO sentiment pushing prices up, but monetary policy has not yet shifted to easing, and short-term volatility risks remain. Technically, $107,300 serves as the next resistance level. If positive news continues to develop, BTC is likely to challenge new highs, and ETH's subsequent rise also injects confidence into the market.

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