Is the trend market coming? In terms of overall trend, Bitcoin has indeed broken through the daily suppression of $94500 since November But there are a lot of chips changing hands on the chain, after all, many short-term chips from the previous low of 80600 have made profits and want to profit and leave. That is to say, in order to continue breaking through the suppression of 98-101 that I mentioned earlier, greater stimulus is needed, or funds can continue to keep up. Otherwise, there may be a downward oscillation, but the range of this downward oscillation may not be very deep. In the short-term trend, last night's tariff ruling continues to be postponed, and there is currently no new data or major changes in macro policies But in the past two days, the visible trading volume in the Americas has indeed increased significantly, as the price breakthrough also occurred during the Americas period Let's take a look at the net position changes of BTC on the exchange. As explained yesterday, it has been continuously increasing in recent days with outflows (buying) Yesterday, the red bar on the far right was already the high point since November, as shown in the figure, indicating that the outflow (buying) volume of the exchange has once again increased significantly. This is a positive signal for funds, which corresponds to the expansion of trading volume in the US and the corresponding price increase. It depends on whether this large amount can be sustained in the future. Looking at BTC's URPD data again, a large number of chips have been densely accumulated between 83300-96000. Mainly short-term holders around 90880 switch hands around 96-97, and the turnover volume is still significant. Although they are all short-term holders, the support here for 896-90880 should still be OK. Whether we can continue to break through the suppression of 98-101 depends on whether the trading volume can be maintained in the future. Even if not, the short-term holders' turnover and profit taking will lead to a decline and oscillation, and the magnitude will not be significant. I personally think it should be above 92100, right