The $BTC coin pair is crucial in the cryptocurrency market. On May 2, the price of Bitcoin reached $96,541.95, up 1.856%, breaking through the $96,000 resistance level. The technical outlook is currently dominated by short-term bulls, with on-chain whales increasing their holdings and ETF capital inflows, indicating strong institutional interest. However, one must be cautious of risks such as non-farm payroll data and regulation; if it falls below $94,200, it may trigger a false breakout.