BTC weekly trend formed! Is it a scam or a crazy cow market coming! The net inflow of spot Bitcoin ETFs in April was nearly $3 billion, and another $1.6 billion has flowed in since May. According to data from the US Commodity Futures Trading Commission, capital flows are mostly directional bets and not arbitrage trades. At the policy level, New Hampshire became the first state in the United States to pass a strategic Bitcoin reserve law, 19 states are preparing similar bills, and Arizona is advancing legislation on cryptocurrency custody and strategic reserves. At the federal level, the Senate vetoed the stablecoin regulation bill GENIUS, stabilizing market risk appetite. On a macroeconomic level, the revision of Trump's tariff policy has boosted the stock market and the US dollar, reduced the likelihood of recession, and lowered market volatility. Bitcoin has benefited from rising institutional demand, favorable policy environment, and a warming macro landscape, prompting investors to actively go long. Although the release of these data shows that the policy news is still positive, if Bitcoin wants to break through the new high at the current level of 100000, it still needs more off exchange funds to enter the market, rather than just shouting slogans. Although the current technological form has formed, it is somewhat suspected of being a scam and needs to be confirmed by stepping back. At present, the high point after breaking through 100000 is from 105800-104950-104440 The high point has decreased, and although the bottom has risen slightly, the washing price of 2-3000 US dollars is clearly not enough. Without the adjustment of 10000 US dollars in the next round, it will not be cleaned thoroughly, and it also needs to be shaken to lift it up smoothly. There is a demand for retracement from 95000 to 97000 below, otherwise the bullish market would not be so easy to directly break through the 105000 USD level and reach 110000 USD, or even create new highs. Recently, the market has been extremely bullish, and it is widely predicted that there will be a significant increase in interest rate cuts starting from July 📈 It is easy to overlook that the market always returns to human nature. When everyone thinks that it is difficult to start the market without interest rate cuts, it has directly rebounded from 75000 to 105000. Now the market believes that interest rate cuts are coming, Bitcoin is about to create a new high, and a slight pullback will lock in a bottoming out. At this time, we need to be careful.