Let's talk about the market matters.

1. The situation from a macro perspective

1. This week, there are some important data points to keep an eye on. Like the revised annualized quarterly rate of real GDP for the first quarter in the United States, and the PCE price index, both of which are quite crucial (four stars). Additionally, New York Fed President Williams will be speaking, and the minutes from the May monetary policy meeting should also be noted.
2. Speaking of this week's unlocking data, coins like SUI, ZETA, and OP are facing large unlocks, so everyone should be careful, as prices might drop.
3. Also, there's another thing, the cumulative net inflow of Bitcoin spot ETFs in the United States has reached a new high, surpassing 44.4 billion dollars.
4. The 212th Ethereum ACDE meeting has decided that Fusaka Devnet - 0 will be launched on May 26.

2. BTC Technical Situation

1. From the weekly perspective, after BTC reached a new high, it formed a spiral candlestick at a high level. Overall, it is still a bullish trend, but in the short term, the opinions of both bulls and bears may differ. In terms of long-term trends, the weekly level seems to be moving within a channel, theoretically, the bulls' potential target is around 130,000. This week, attention should be paid to the middle line of the channel. If the price is above the middle line, it will continue to rise unilaterally; if it is below the middle line, it may oscillate and adjust around the high.
2. At the daily level, although there is a negative candle engulfing, the pullback is not strong, and there is no obvious flight of a large amount of funds. The KD indicator was overbought at the high level, and the MACD top divergence was almost fixed at the time of the pullback.
3. A W bottom pattern has been formed on the 4H chart, and the key is to see if the neckline can be broken. If it breaks through, it may hit the previous high again, and at this time, you can pay attention to the opportunity to buy back on the 123 rule. If it doesn't break through, it will still oscillate in the range of the W bottom, and you have to pay attention to the possibility of forming a triple bottom or multiple bottom.
4. There was a fluctuation range before (101500 - 106000), where there were many chips and strong support. Even if the price pulls back, for those of us buying spot, it is actually a good opportunity to layout or increase positions.