This week’s macro events are tightly packed, and market attention is centered on three main themes:

First, Chinese and U.S. leaders will meet in Beijing this week. The agenda covers tariffs, the rare earth supply chain, and the situation in the Middle East. The market is watching whether both sides can achieve substantive progress on trade;

Second, April’s CPI, PPI, and retail sales data will be released one after another. If inflation stabilizes, real yields are expected to move lower. Historically, this has provided support to the crypto market; otherwise, it will reinforce expectations for tighter policy;

Third, the U.S. Senate Banking Committee will review the CLARITY Act. Legislative progress may further drive institutional capital into the market.

At present, despite last week’s ETF fund outflows, BTC has held the $80,000 level. Crypto volatility remains near the low for the year, with the VIX around 18. In the short term, BTC will most likely continue to oscillate in a range, and $83,000 is the key resistance level. $BTC