Pal's BTC Market Weekly Report -5.11 1、 Weekly chart (Figure 1) 1) For 6 weeks, the closing sun continued to rise, but the amplitude was only around $5000 per week. From a weekly perspective, my definition of this market trend is still a rebound. After breaking through 98, I personally will change my mind to a bullish trend. 2) After stabilizing at 795, the weekly FVG gap here has been filled by half. My expectation for the current wave is that the weekly line will be completed at 84 and the monthly line will be completed at 86. In addition, 795 is an important position where it has fallen below. Pay attention to BTC's peak building behavior. 3) This week is another big news week, pay attention to fluctuations: Tuesday, 12th: 20:30 US April non seasonally adjusted CPI annual rate Wednesday, 13th: 20:30 ppi Trump of the United States enters Beijing Thursday, the 14th: The House of Representatives will mark and review the House version of the 2025 Digital Asset Market Clarity Act (H.R. 3633) on May 14th, with a focus on the positive impact on encryption 。 Friday the 15th: Powell's term as Federal Reserve Chairman comes to an end, and policy signals after Warsh takes over will be repriced. 2、 Daily Line (Figure 2) 1) The daily chart is still in an upward structure, fluctuating upwards. At present, the situation here is somewhat similar to that at the end of April, and a small double top may be constructed. Let's see the push, the main melody is still oscillation. 2) From the daily trend, if it does not fall below 748, it is still an upward trend. A few locations: one ⃣： If it doesn't break 791, it still belongs to a strong oscillation and upward trend, and will continue to reach new highs. Pay attention to 84-86 for new highs. two ⃣： After falling below the level and reaching 78, it supported upward, which is okay. If it stabilizes at 795 again, there is still a chance of reaching a new high. three ⃣： If it falls below 78, continue to obtain FVG and test it to the 765 daily line OB, which is relatively weak. However, here, attention should be paid to protecting profits from short positions, and rebound can be monitored, but whether it can reach a new high is uncertain. four ⃣： If it falls below 748, then this upward trend is basically over, and the rebound is mainly driven by short selling. PS: Pay attention to both the US stock market and the macro market. At present, weak US technology such as BTC market is entering the stock market, and the main capital is in the US stock market. Moreover, this period will lead to various funds flooding into the US stock market, which will change the intense manipulation of the cryptocurrency circle. 3、 Hour chart (Figure 3) 1) At the end of the week, the price surged by 82450 and then fell back. I think this time, the first reason for drawing is to do the weekly line, and the second is a normal bullish profit selling. Currently, there is no market crash here, and overall it is still a bullish trend. But as mentioned above, based on the current surge trend of the US stock market, the number of retail investors in the cryptocurrency market is decreasing, which will lead to more extreme manipulation. This is something to be aware of. 2) For now, let's look at the support level at 80. If 80 holds up and slowly grinds upwards, then the US stock market will continue to pull towards a new high before the opening. If it falls below 80, then look at 795 and the 79-80 section below.