#BTC重返10万 - Macroeconomic and Policy Factors: U.S. President Trump hinted at reaching a significant trade agreement, reducing market uncertainty and increasing investors' preference for risk assets, a sentiment that has spread to the cryptocurrency sector. At the same time, governors of Arizona and New Hampshire signed bills allowing the establishment of state-level Bitcoin reserves, enhancing market confidence in the acceptance of crypto assets by the government.

- Market Demand Factors: U.S. stocks rebounded from the April lows, global market risk sentiment recovered, and investors' willingness to allocate to risk assets increased, leading to rising demand for Bitcoin as a risk asset.

Subsequent Trend Analysis

From a technical perspective, Bitcoin currently faces a key resistance range between $101,500 and $106,500. If it can maintain above $101,000 in subsequent trading, it is expected to challenge the historical high of $109,225 set in January again. However, if Bitcoin falls below the short-term support level of $93,780, it may pull back to the $80,000 level.