Is BTC's rise to 97K the finish line or a warm-up before a new high? Bitcoin's short-term strong breakout above 97K has not only sparked heated discussions in the market but also made many observers restless once again. However, a rational analysis shows that this rise is far from coincidental. The underlying factors include: the second round of ETF fund inflow, a sharp decrease in miner selling pressure, a surge in net inflows of stablecoins, and a downward shift in expectations for the peak of interest rates in the US market, leading to a risk of capital flowing back into the market. **Operating Idea:** In the short term, pay attention to the resistance area of 98K-100K, and guard against a pullback after overbought conditions; in the medium to long term, if it breaks through the psychological integer level and stabilizes, it is expected to enter the 100K era. **Conclusion:** This is not the end, but rather the "acceleration warm-up" before the sprint. BTC is realizing its long-term value prophecy.
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GateUser-2986c6ff
· 2025-05-08 02:12
According to the Gate.io News bot, The New York Times reported that three insiders revealed President Trump is set to announce a US-UK trade agreement on Thursday. This agreement is the first trade deal reached since Trump implemented high tariffs on multiple countries. Trump teased a "significant trade agreement" on social media on Wednesday but did not disclose the specific partners involved. The specific details of the agreement have not yet been made public; previously, both sides had discussed issues such as the UK dropping tariffs on American cars and agricultural products, and eliminating taxes on American tech companies.
#BTC重返97k
Is BTC's rise to 97K the finish line or a warm-up before a new high?
Bitcoin's short-term strong breakout above 97K has not only sparked heated discussions in the market but also made many observers restless once again. However, a rational analysis shows that this rise is far from coincidental.
The underlying factors include: the second round of ETF fund inflow, a sharp decrease in miner selling pressure, a surge in net inflows of stablecoins, and a downward shift in expectations for the peak of interest rates in the US market, leading to a risk of capital flowing back into the market.
**Operating Idea:** In the short term, pay attention to the resistance area of 98K-100K, and guard against a pullback after overbought conditions; in the medium to long term, if it breaks through the psychological integer level and stabilizes, it is expected to enter the 100K era.
**Conclusion:** This is not the end, but rather the "acceleration warm-up" before the sprint. BTC is realizing its long-term value prophecy.