BTC Evening Review | May 9th BTC is currently around 80400 and has risen by almost 1% in 24 hours, which is not a big move. However, considering the overall environment this week, the trend is actually more stable than many people imagined. Tell me a few key signals for this week. Firstly, the macro level. Friday's non farm payroll data exceeded expectations, with 115000 new jobs added in April and an unemployment rate of 4.3%. The US stock SPX rose directly to a historic high. The economy seems to be doing well, but the problem is that inflation still cannot be suppressed. BofA has officially changed its stance, saying that there is no hope of a rate cut this year, and the earliest it will be in the second half of 2027. The CEO of Citigroup is also saying that the inflation challenge will drag on for a long time. The tightening of interest rate expectations is suppressing all risky assets, and BTC is no exception. Then there is the Iran War. This week, the US and Iran fought another round. The US military bombed an oil tanker attempting to break through the blockade, and crude oil was still hovering around $100. But there is a noteworthy change: the market is starting to stabilize in price and expectations. The overall oil price has fallen by about 6% this week, and gold is also rising, but more of it is driven by the weakening of the US dollar. Ray Dalio and Druckenmiller were both shouting last week that the US dollar is going to collapse, and the debt bomb theory is back. If the big narrative of the weakening of the US dollar holds true, BTC will benefit in the medium to long term. The most impressive data in the cryptocurrency industry is that the US spot BTC ETF has seen net inflows for six consecutive weeks, setting a record for the longest consecutive rise in nine months. Institutional funds have been quietly entering the market, and this signal is much more meaningful than short-term price fluctuations. In addition, CNBC specifically discussed the potential benefits of the Clarity Act for cryptocurrency assets - increased regulatory clarity and long-term structural benefits for BTC. Of course, there are also negative signals: mining company Bitdeer cleared all BTC holdings this week and sold all 193.8 coins. But the clearance of a mining enterprise does not affect the overall situation. The Bitcoin mining companies of the Trump family are also losing money, indicating that miners are generally under pressure during this cycle. Overall: In the short term (the next few days to a week), BTC has a demand for volatile consolidation at this position. 80000-82000 is the current resistance range, with support from 77000-78000 below. The hopelessness of interest rate cuts and the uncertainty of war will make funds hesitant to chase higher prices. But the signals of mid-term upward trend are accumulating - ETF funds continue to flow in, the narrative of a weak US dollar returns, and regulatory clarity is expected to improve - these are not driven by short-term speculative funds, but by heavier money making layouts. So my judgment is: short-term volatility, medium-term uptrend. At this position, the downward space is limited. If you can stand steadily above 82000, the next wave will be quite impressive. There is no need to panic at this position, nor is there a need to chase high. Waiting for a pullback will be more comfortable.