Bitcoin has skyrocketed to $87,000 today! Last week it was just hovering around $84,000, but today it suddenly surged. Who is behind this? Can ordinary people still get on board?

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

After bouncing around $84,000, it attracted short-sellers to bet against it. Today, a large bullish candle broke through the key level of $86,000, directly triggering a short squeeze, leaving short-sellers in disarray.

Historical patterns show that after gold hits a new high, Bitcoin tends to break its previous high within 100-150 days. Now that gold has reached $3,370, if this trend continues, Bitcoin could potentially hit $100,000 by July. But remember: if the dollar suddenly rebounds, both of these assets could take a hit.

In May, the Federal Reserve may cut interest rates; if confirmed, it would be like giving the market a red envelope, causing funds to flood into Bitcoin. However, if the rate cut is delayed, short-term funds may retreat to seek safety. Trading cryptocurrencies is all about speculation; it gets most intense before the news breaks.