$BTC BTC made a strong breakout past the $100,000 mark from May 8 to 9, reaching a high of $104,300, while Ethereum (ETH) simultaneously rose to $2,220, sparking discussions in the market about the 'return of the bull market'. This rise is seen by some analysts as a resonance of technical breakthroughs and macroeconomic positives, especially as the ETH upgrade has initiated a follow-up rally that boosted overall market confidence. 43536

Technical Analysis

Short-term Support and Resistance: Currently, the key support level for BTC is around $98,000. If it holds, a new round of increases may begin, with upper targets aimed at the $105,000-$110,000 range. Some analysts warn that $100,000 is a psychological level, and caution is advised regarding short-term pullback risks, with support looking at $96,000-$93,000. 143839

Structural Changes: There are signs of momentum divergence at the 4-hour level, and it’s necessary to observe whether a short-term adjustment forms; the medium to long-term trend is still determined to be bull-dominated, with technical indicators such as moving averages and RSI showing healthy upward movement.