Bitcoin directly surged to 97800! Ethereum upgrade is approaching!

The news at 5 AM caused Bitcoin to spike directly to a price of 97800, and from a daily chart perspective, BTC has broken through the previous high resistance level near 95700 USD, but has shown a decreasing volume increase for two consecutive days, which seems to be a potential trap for investors. It is not recommended to chase the price. Today's 'East Country Hunting' pump may be a short-term action, and its sustainability is questionable. Meanwhile, MACD has crossed bearish, and technical indicators show divergence, requiring caution. Personally, I suggest shorting at 97500, with a stop loss near 98000 and take profit near 95200. Looking at the trends in the US stock market, there is a trend correction, and it is currently clearly testing support. Now BTC is rising against the market trend. This is an abnormal situation, so it is best to remain steady. Behind today's significant rise in Bitcoin are four major driving factors:

The trade tensions between China and the US are expected to ease, and the UK and US have also reached a trade agreement, leading to a stabilization of the global situation.

Multiple states in the US may pass Bitcoin strategic reserve bills, continuously favorable policies are emerging.

China unexpectedly announced an interest rate cut, enhancing liquidity expectations.

The listed company Thumzup announced plans to raise 500 million USD to increase Bitcoin holdings, greatly boosting market confidence. Funds are moving in response, and Bitcoin is strongly rising. Whether to follow this main upward wave is worth careful evaluation.

Is the Ethereum upgrade turning into a 'death trap'? Today may witness an 'apocalyptic sell-off'. The Ethereum upgrade on May 7 is imminent, but the market is strangely 'as quiet as a graveyard'! Insiders reveal that this upgrade may be 'the most deceptive' one in history, as the main funds have already retreated in advance. More critically, once the upgrade is completed, it will directly collide with the Federal Reserve's 'nuclear-level' interest rate decision, and Ethereum's price may face a 'knee-jerk' crash! #我的COS交易 #币安钱包TGE #Circle扩大IPO规模 #美国加征关税 #币安Alpha上新