Good morning, brothers. Last night the US stock market fell, but BTC surged, breaking 97700. The main reason for its increase is:
A state treasury decided to spend money to buy in, New Hampshire became the first state in the US to pass a strategic BTC reserve law, authorizing the state treasury to purchase BTC【This is big news】
Several positive factors for subsequent economic recovery, beneficial for national economic growth:
①: Bitcoin reserve bills are being passed across various states in the US
②: The US will discuss tariff issues with China
③: The UK and the US will reach a trade agreement to reduce tariffs on cars and steel
Looking bullish in the long term, everyone should not lose heart. In the short term, BTC is facing a resistance level of 97850 on the daily chart. If it cannot reach this level, there may be another decline in the short term.
Key focus at 2:00 AM on May 7th, US Federal Reserve interest rates, there will be significant fluctuations, and it is also a good opportunity to enter the market.
