As of May 7, 2025, the price of Bitcoin fluctuates between $96,000 and $96,800, with a 24-hour increase of approximately 0.9%-3%, reaching a high of $97,732, nearing the $100,000 mark. The main drivers of the increase include the release of liquidity from the People's Bank of China lowering reserve requirements and interest rates, easing geopolitical risks from China-U.S. economic and trade talks, and continued inflow 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, with expectations to maintain rates. 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 indicators suggest that a break above $97,000 could accelerate the push towards $100,000.