BTC: As of May 12, 2025, the current price of BTC is $104000; Yesterday's closing pattern was a "small bearish candlestick", indicating a temporary balance of long and short forces, but the weekly level showed a "large bullish candlestick", indicating that the medium to long term trend is still bullish. On chain data, low turnover rate on weekends, less market selling pressure, and multiple parties still dominate. At the macro level, the 90 day tariff agreement between China and the United States (30% between the US and China, 10% between China and the US) has boosted market confidence, and the rise in CME futures reflects optimism. But this week's CPI, PPI, and retail sales data will directly affect the Federal Reserve's policy expectations, and if inflation exceeds expectations, BTC may come under pressure. Overall, Bitcoin may continue to fluctuate in the short term, and attention should be paid to the defense of the $96300 support level in the short term. If it can stabilize, it will further rise; If it falls, be alert to the risk of a pullback, as the current trend is bullish.