On May 9, 2023, the cryptocurrency market saw a strong rebound, with Bitcoin returning above $100,000, and market sentiment clearly warming up. This rebound is driven by multiple positive factors, including a de-escalation of global trade tensions, a shift in U.S. interest rate policies towards easing, and continued inflows of institutional funds into spot ETFs, indicating that the focus of asset allocation is shifting towards crypto assets.

From a technical perspective, Bitcoin has broken through a key resistance zone, and the market expects a continuation of the upward trend; however, trading volume needs to increase further to confirm the trend continuation. Short-term volatility remains high, and investors are advised to rationally assess risks and avoid blindly chasing highs.

In the medium to long term, regulatory direction and the implementation of applications will be key to whether the cryptocurrency market can develop steadily. While the rebound is encouraging, caution is still necessary.