Macro analysis of the 5.26 pancake market Due to the US stock market being closed on Monday, market sentiment may not be clear until Tuesday. Over the weekend, BTC experienced a slight correction, but investors did not panic. The stock on the exchange remained stable, and the lack of institutional participation led to liquidity. This week's focus is on: 1. Market reactions after the return of American investors; 2. Whether long-term holders continue to increase their holdings; 3. Trump tariff trends (especially in the technology and automobile industries). After the high point of 111900 fell, the lowest hit reached 106600, and there may be a small correction in the short term, but the medium to long term is still bullish. BTC