#BTCPrediction Yesterday, Bitcoin performed better than expected: the day closed at $96,900, and during the night, the price jumped to $97,732. Moreover, the increase was observed not only in cryptocurrencies but also in the futures of American indices.

The main reason for the optimism was the news of U.S. Treasury Secretary Scott Bessent's meeting with representatives from China in Switzerland. They are discussing a possible trade agreement. China officially confirmed that negotiations will take place, and Vice Premier He Lifan will arrive in Switzerland from May 9 to 12. The markets perceived this as a signal for growth — even despite other negative events.

Namely: during the night, India and Pakistan exchanged strikes — Pakistan shot down several Indian aircraft. However, traders still believe that the conflict will not escalate into a full-scale war and will rather follow a scenario similar to 'Iran — Israel'.

Meanwhile, the Federal Reserve is holding a meeting on interest rates. It is likely that they will not change them, but the key point will be Jerome Powell's rhetoric at the press conference after the announcement of the decision.

I expect the continuation of short squeezes; at the very least, there should be a short squeeze. We will also see how the American markets open: the S&P 500 is getting closer to the sell zone.