According to ChainCatcher's message and analysis from Lookonchain, all four technical indicators show that BTC has not yet reached the peak of this bull market.The rainbow chart predicts that Bitcoin's price in this cycle is expected to break through $200,000; the RSI index is at 71.35, indicating there is still room for growth compared to historical peaks; the 200-week moving average heatmap is in the blue area, suggesting that the price has not yet topped; the 2-year moving average multiplier shows that the current price is between the red and green lines, not reaching the top signal.

ChainCatcher message, analyst Ali posted a warning for investors to pay attention to the potential risk signals in the current price trend of Bitcoin (BTC). Although Bitcoin is nearing its all-time high, it has reached a major resistance level, while also showing a hanging man candlestick pattern, bearish RSI divergence, and bearish MACD crossover among several technical indicators. These signals collectively suggest that market momentum is stagnating, and investors should maintain a cautious attitude.The analyst emphasizes that risk management is particularly important in the current market environment and recommends closely monitoring the further development of these technical indicators.

ChainCatcher message, IncomeSharks analysis indicates that the SuperTrend indicator for the ETH/BTC trading pair has turned bullish for the first time since 2025, and IncomeSharks claims to have backtested and confirmed its validity, suggesting that a bottom may have been reached.

ChainCatcher news, CryptoQuant analyst Axel posted on social media that the current market value of short-term holders (STH) of Bitcoin has a Market Value to Realized Value (MVRV) ratio of 1.09.The first wave of significant selling pressure is expected to occur around 1.25 (target price ≈ $118,000), with stronger selling pressure possibly appearing at 1.35 (≈ $128,000). Based on the current average daily growth rate, STH MVRV may reach 1.25 by early June and 1.35 by the end of the month.

ChainCatcher news, according to analyst @ali_charts, Bitcoin may experience a brief pullback, with the RSI currently indicating an overbought condition.

ChainCatcher news, CryptoQuant analyst Burak Kesmeci stated that since February 24, 2024, CryptoQuant's bull-bear market cycle indicator has consistently issued bear market signals. However, in recent days, the indicator has begun to show signs of a potential trend reversal.As Bitcoin returns above $100,000, the indicator has shown a bullish signal for the first time in weeks. Although this signal is still relatively weak (with a coefficient of 0.029), the mere appearance of a positive turn is itself a positive sign.More importantly, the bull-bear 30-day moving average (30DMA) has started to trend upwards. If this indicator crosses above the bull-bear 365-day moving average (365DMA), history suggests that Bitcoin may once again experience a parabolic rise.

ChainCatcher news, according to analysis by The Kobeissi Letter, two key indicators of US tech stocks have hit recent lows: the ratio of US tech stocks to global tech stocks has fallen to 1.6 points, the lowest in 18 months; the ratio of US tech stocks to non-tech sectors has dropped to 1.5 points, also a new low in 18 months.The decline in these two indicators has exceeded that during the bear market of 2022. Year-to-date, the Nasdaq 100 index has declined about twice as much as the S&P 500 (excluding information technology).

ChainCatcher news, CryptoQuant analyst Axel posted on social media that the annualized real MVRV (Market Value/Realized Value Ratio) of BTC has returned to positive territory, indicating that the average cost price of all tokens purchased in the past year is now below the current market price. Panic selling pressure is easing------most holders are now in profit and do not need to sell at a loss. Holder confidence is continuously strengthening. This "critical point transition" coincides with the market recovery phase, marking the beginning of a more sustainable price growth cycle. This trend will continue until speculative premiums accumulate to a sufficiently high level, prompting holders to choose to take profits.

ChainCatcher news, Professional Capital Management founder and CEO Anthony Pompliano posted that the market panic is severely exaggerated, with several indicators showing improvement recently: the stock market is rising, Bitcoin is rising, employment is growing, and inflation is decreasing. The market performance confirms his judgments from the past few weeks.Pompliano stated that many market pessimists find the current situation hard to believe.

ChainCatcher news, analyst @ali_charts posted on the X platform that the TD Sequential indicator has just issued a buy signal on the Bitcoin weekly chart. If it continues to close above $86,000, it may open the door to $90,000 or even $95,000.It is reported that TD Sequential is a technical analysis tool invented by Thomas DeMark, primarily used to identify turning points in market trends, helping traders determine the timing for buying and selling. This indicator predicts reversal points in market trends by analyzing the sequence and combination of price data, making it particularly suitable for identifying signals at tops and bottoms.

ChainCatcher news, Coinbase Research released an analysis report indicating that due to the escalation of global tariffs and macroeconomic uncertainties, the crypto market may have entered a new round of "crypto winter." Currently, the total market capitalization excluding BTC is $950 billion, down 41% from the peak in December 2024, and 17% lower than the same period last year. The report notes that major assets, including the COIN50 index and BTC, have all fallen below the 200-day moving average, indicating that the overall market is in a downward trend.Although crypto financing slightly rebounded in the first quarter of 2025, it is still down about 50%-60% compared to the peak of the 2021-22 cycle, limiting the entry of new capital, especially significantly impacting Altcoins. Coinbase stated that if market sentiment clears, a turnaround may be expected by mid-year, but a defensive strategy still needs to be maintained in the short term.

ChainCatcher message, along with Trump's tariff suspension policy, the current MOVE index has quickly fallen back to 128.83, below the key threshold of 140.Arthur Hayes stated that this validates the effectiveness of the MOVE index. "We will be back soon. Enjoy while the party still lasts. Next time, BTC may not be the first to follow stocks into trouble, but rather continue to amplify."

ChainCatcher news, according to Matrixport analysis, the correlation between the rise in global liquidity and the increase in Bitcoin prices has certain limitations. The global liquidity indicator, measured by the total money supply of 28 central banks (in USD terms), although visually correlated with Bitcoin price trends, has its predictive accuracy questioned due to the non-stationarity of the time series and scale differences.The analysis points out that while the growth of money supply may have a lagging effect on the Bitcoin market, this lag time lacks strong theoretical support. Furthermore, although the correlation between Bitcoin and Nasdaq has slightly increased in recent years, it remains below the 60% peak during COVID, indicating that Bitcoin trading is more driven by its own dynamics rather than acting entirely as a proxy asset for tech stocks.Matrixport believes that the broad consolidation of Bitcoin prices may continue, and solely relying on liquidity indicators to predict market trends may not be reliable enough. In contrast, focusing on native driving factors of cryptocurrencies or macro variables with direct policy impacts (such as political leaders supporting cryptocurrencies) may be more valuable. Although market perceptions may have mathematical flaws, their widespread acceptance could still have a tangible impact on market behavior.

ChainCatcher news, according to CoinDesk, as a key indicator of economic sentiment and corporate credit health, the ICE/BofA US High Yield Index Option-Adjusted Spread (OAS) has retreated from recent highs, supporting a rebound in risk appetite for cryptocurrencies and the stock market, but analysts believe this relief may be short-lived.The OAS metric measures the average yield spread between dollar-denominated high-yield corporate bonds and U.S. Treasuries, adjusted for embedded options in the bonds. This metric is widely regarded as a barometer of credit risk, with widening spreads typically indicating increased investor concerns about corporate defaults or economic weakness.Currently, the OAS has decreased from a six-month high of 3.4% earlier this month to 3.2%, a decline that supports the resurgence of Bitcoin (BTC) and the Nasdaq. Previously, the spread had surged by 100 basis points over four weeks to mid-March, as concerns over economic recession triggered by Trump's tariff policies caused Bitcoin to drop below $80,000 and the Nasdaq to suffer significant losses.However, analysts expect that as the negative effects of Trump's tariff policies gradually become apparent, the OAS spread will widen further in the coming weeks. Hans Mikkelsen, Managing Director of Credit Strategy at TD Securities, stated in a recent client report, "We believe this is just the beginning, and things will get worse before they get better."From a technical analysis perspective, the OAS has broken through a three-year downtrend line, which is a highly cautionary signal for investors in risk assets.