Bitcoin Market Analysis Today

1. Technical Analysis and Key Resistance: BTC recently experienced a pullback after breaking through $110,000, currently fluctuating in the range of $106,000 to $110,000. The technical indicators suggest that if it stabilizes above $109,000 (previous high resistance), it may once again challenge $115,000; however, if it falls below the $106,000 support, it could retest the demand zone of $103,000 to $104,000. On-chain data: $101,800–$104,000%, indicating strong support in this area, but ETF fund inflows have slowed for three consecutive weeks (only $609 million this week), and the market momentum has weakened, necessitating caution against pullback risks.

2. Macroeconomics and Event-Driven: Bitcoin 2025 Conference: Scheduled from May 27 to 29, featuring important figures from the U.S. political and business sectors (such as members of the Trump family, the founder of Strategy, etc.), which may release favorable policies and boost market sentiment. FTX repayments will begin on May 30 with over $5 billion in compensation, some of which may flow into the crypto market, providing short-term buying support. Geopolitics: The U.S.-EU trade negotiation window has been extended to July 9, which may ease the trade war and reduce market volatility. #成长值抽奖，赢 iPhone 16 和精美周边 #特朗普延迟加征欧盟关税 #比特币2025大会