#BTC Hits 97K BTC pumps to 97K, is it the end or just a warm-up before hitting new highs?


Bitcoin's short-term strong breakout above 97K has not only sparked heated discussions in the market but also made many sideliner uneasy again. However, rational analysis shows that this rise is far from coincidental.
The underlying factors include: a second wave of ETF funding, a sharp reduction in Miner sell pressure, a surge in stablecoin net inflows, and a downward shift in expectations for US market interest rate peaks, bringing funds back to risk markets.
**Trading strategy:** In the short term, focus on the resistance area of 98K-100K to guard against a pullback after being overbought; in the medium to long term, if it breaks through the psychological round number and stabilizes, it is expected to enter the hundred K era.
**Conclusion:** This is not the end, but an "acceleration warm-up" before the sprint. BTC is realizing its long-term value prophecy.#BTC #ETH #PI #GT
BTC-0,58%
JST1,43%
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GateUser-c1e571efvip
· 05-08 05:14
The bullish market is at its peak 🐂
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