Bitcoin is about to break through the upper resistance, forming a huge bullish candlestick. This wave of market movement will create a strong upward trend after the breakthrough and is about to cross the zero axis. This crossing of the zero axis indicates a strong upward momentum, with an expected increase of around 20% to 30%. Reaching 96,000 is not alarmist; it means that after Bitcoin breaks this key point of 86,000, it can directly reach the level of 96,000, which means it could reach that level in just over ten to twenty days.

On May 8, there will be an announcement of a rate cut by the Federal Reserve. Yesterday, we saw that Ethereum did not pass the spot ETF staking, which led to its price preparing to break through 1,700, but it quickly fell. This price decline is unacceptable; many people have been buying the dip from the higher positions until now, having dropped for about four months, a direct drop of 66%. Many cryptocurrencies have also experienced a deep adjustment over the past three to four months, including Litecoin, which had a minimum drop of 55%, not as deep as Ethereum's. Cardano also saw a drop of over 60%, but not as significant as Ethereum's. The recent wave of Ethereum's market manipulation has been particularly severe, causing many ancient whales to sell off their Ethereum holdings. Facing this situation, the market has indeed shown rebound actions, and such a large drop is no longer possible; it has already fallen as much as it can. All negative news has been exhausted, and all recent negative news has appeared at the bottom, indicating that the entire market has reached a bottom state. Bitcoin will soon break through 96,000; from the high point to the current low point, it has been about 4 months. Currently, it is unwilling to drop, continuously closing bullish candlesticks, and the bottom is rising continuously. It is also infinitely close to the upper resistance point. We will see its performance in the next few hours and whether it can break through the 86,000 level. If it truly breaks through, it will provide many operational opportunities. As for Ethereum, its rebound strength may also be greater; in fact, its trajectory shows that it has been severely damaged and has not provided much operability. Facing this situation, everyone understands very clearly, including the four-hour level where it continues to decline, which is now at a turning point.