$BTC As of May 2, 2025, Bitcoin (BTC) has performed strongly recently. BTC is currently trading at about $96,901 (latest data from OKX), down 0.03% from yesterday, but up more than 3% this week. The intraday trading range is $94,168-97,394, and it once approached the high of $98,000 during the session, the highest level since mid-February.

From a technical perspective, Bitcoin continues to stand above $90,000 on the daily chart and successfully breaks through the previous resistance level of $95,000, forming a continuous upward trend. The red column of the MACD indicator continues to expand after the golden cross, and although the RSI is close to the overbought area of ​​70, it has not yet formed a clear divergence, indicating that the upward momentum is still strong. The Bollinger Bands open upward, and the price runs near the upper track, indicating that the short-term trend is still upward.

In the market, the Federal Reserve kept interest rates unchanged. The market believes that this indicates that the Federal Reserve is more inclined to relax policies in the future and may enter a rate cut cycle ahead of schedule, which has stimulated the rise of risky assets including Bitcoin. At the same time, ETF fund flows continued to be strong. On May 1, Grayscale Bitcoin Trust (GBTC) recorded an inflow of $16 million, indicating that institutional investors' interest in investing in Bitcoin through regulated tools continued to heat up. In addition, the correlation between Bitcoin and gold futures reached 0.62 on the morning of May 1, 2025, further strengthening Bitcoin's market positioning as "digital gold". On-chain data also showed that the number of active Bitcoin addresses increased to 1.1 million on May 1, 2025, an increase of 15% from the previous week. At the same time, large wallet transactions (more than $100,000) also increased significantly in the past 48 hours, reflecting that market activity is increasing. Trading volume data shows that Bitcoin's 24-hour trading volume reached $33 billion, an increase of about 20% from last week, indicating that the market has a high degree of recognition of the current price level.