Bitcoin surged directly to $87,000 today! Just last week it was hovering around $84,000, and suddenly today it skyrocketed. Who's really behind this? Can ordinary people still get on board now?

This week, the US dollar index fell below 99, hitting a three-year low. The weaker the dollar, the more global funds will seek 'defensive assets'—gold surged to a historic high of $3,370, and Bitcoin followed suit.

It kept bouncing around $84,000, attracting short sellers to bet against it. Today, a big bullish candlestick broke through the crucial $86,000 level, directly triggering a massive short squeeze, leaving short sellers in a terrible position.

Historical trends show that after gold reaches a new high, Bitcoin tends to break its previous high within 100-150 days. Now that gold has surged to $3,370, at this pace, Bitcoin could reach $100,000 before July. But remember: if the dollar suddenly rebounds, both of these assets will take a hit.

In May, the Federal Reserve may cut interest rates; if confirmed, it would be like giving the market a red envelope, and funds would flood into Bitcoin. However, if the rate cut is delayed, short-term funds may retreat for safety. Trading cryptocurrencies is about trading expectations; it gets the craziest before the news is confirmed.