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.

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