$BTC 1. Current Price Trends and Key Levels

Price Fluctuation Range: Today's BTC fluctuates between $94,168 and $97,394, currently reported at around $96,901 (OKX data), a slight decrease of 0.03% from yesterday, but a cumulative increase of over 3% this week, reaching a new high for 2025.

Key Resistance and Support:

Resistance Level: $97,500-$98,000 (short-term breakout confirmation point), with the upper target pointing to the psychological level of $100,000.

Support Level: $96,000 (breakout point turning into support), $94,000-$95,000 (pullback buying range).

Intraday Performance: In the morning, it approached the high of $98,000 but slightly retraced in the afternoon, currently maintaining fluctuations above $96,000.

2. Technical Indicator Analysis

Daily Level:

MACD: After a golden cross, the red bars continue to expand, indicating strong bullish momentum.

RSI: Approaching the 70 overbought area but not showing divergence, indicating that there is still room for upward movement.

Bollinger Bands: Opening upwards, with price operating near the upper band, indicating a strong short-term trend.

4-Hour Level:

Candlestick Pattern: Breakout of the ascending triangle pattern; if it stabilizes above $97,500, it may accelerate upwards.

Trading Volume: Significant increase during the breakout, but current volume is slightly reduced, caution is needed for a short-term pullback.

Moving Average System: EMA7 and EMA30 diverging upwards, supporting price above $96,000.

3. Market Driving Factors

Federal Reserve Policy Expectations: The Federal Reserve maintains interest rates unchanged and signals a possibility of rate cuts, with the probability of a rate cut in June rising to 60%, driving funds towards risk assets.