BTC: As of April 29, 2025, the current price of BTC is US$94,900; from the daily level, yesterday's closing line pattern was a "small positive line", with a mediocre volume performance, indicating that the bulls have the advantage but limited momentum. On-chain data, US spot Bitcoin ETFs were inflowed by 6,310 pieces (about US$591 million) yesterday, and institutional confidence continued to increase, but the Bitcoin turnover rate was low and market sentiment was cautious. At the macro level, on April 29, 2025, the state legislature passed Senate bill SB1373 with a 37-19 vote, realizing the joint approval of Bitcoin strategic reserves by the US state-level House of Representatives and the Senate for the first time. At present, the bill has been submitted to Governor Hobbes, and she has five working days (until May 6) to decide the fate of the bill. In addition, the upcoming U.S. GDP data on April 30 will cause fluctuations, prompting some players to choose to wait and see to avoid risks. Overall, Bitcoin’s current price has received strong support in the range of $92,000 to $97,000, with high chip concentration and a solid market foundation. On April 28, the US spot Bitcoin ETF recorded a net inflow of 6,310 coins (about $591 million), and institutional confidence continued to heat up. However, the long-short ratio is relatively low, reflecting insufficient market momentum and may maintain a volatile pattern in the short term. Although it is expected to challenge a new high this week, the daily technical indicators show weakness, and the momentum of continued rise is doubtful. If the market is strong in the future, it may enter a volatile adjustment; if the momentum weakens, Bitcoin may face a certain correction. The information and data in this content are derived from publicly available materials and are strived to be accurate and reliable, but no guarantee is made on the accuracy and completeness of the information. This content does not constitute investment advice, and you are responsible for investing based on this.