As of May 7, 2025, Bitcoin's price fluctuates between $96,000 and $96,800, with a 24-hour increase of about 0.9%-3%, reaching a high of $97,732, approaching the $100,000 mark. The main drivers of the increase include the People's Bank of China reducing reserve requirements and interest rates to release liquidity, easing geopolitical risks from China-U.S. economic and trade talks, and continued inflows of ETF funds from institutions like BlackRock (with a cumulative net inflow exceeding $40.5 billion). The current market is focused on the Federal Reserve's interest rate decision, expecting rates to remain unchanged; if dovish signals are released, it may further boost Bitcoin to break resistance levels. The short-term support level is around $93,000, and technical analysis indicates that a breakthrough above $97,000 could accelerate the push towards $100,000.