This week, the global market trend is mixed. The S&P 500 index and gold prices both hit record highs, approaching $7,000 and $5,200 respectively, reflecting investor optimism and demand for defensive assets. Bitcoin rebounded to around $89,000, indicating improved market sentiment, but momentum remains lagging, still below previous peaks, and trading volume has not yet shown signs of sustained breakout. This divergence suggests that funds are flowing into both growth and defensive markets, while Bitcoin is waiting for clearer macroeconomic signals to re-establish its leading position.