$BTC

📉 Daily Trend Overview

• Daily Low: $100,700, mainly influenced by investors taking profits ahead of the U.S. Consumer Price Index (CPI) data release.

• Daily High: $104,635, after which the price retreated and stabilized above $103,000.  

📊 Technical Analysis and Market Sentiment

• Technical Analysis: BTC has short-term support at $100,790 after breaking through $100,000, with resistance at $105,720.

• Market Sentiment: Institutional investors continue to accumulate BTC, such as MicroStrategy's recent purchase of 13,390 BTC, worth approximately $1.34 billion.  

🧭 Future Outlook

• Macroeconomic Factors: The U.S. April CPI year-over-year growth rate is 2.3%, lower than expected, which may ease pressure on the Federal Reserve to raise interest rates, providing support for BTC prices.

• Potential Target Price: If it breaks through $105,720, the next target could be $109,000, potentially challenging historical highs.

Overall, despite short-term volatility in BTC prices, the long-term trend remains bullish. Investors are advised to pay attention to upcoming economic data and policy trends to adjust their investment strategies.