As of May 7, 2025, the Bitcoin price has fluctuated between $96,000 and $96,800, with a 24-hour increase of approximately 0.9% to 3%, reaching a high of $97,732, approaching the $100,000 mark. The main drivers for the increase include the liquidity released by the People's Bank of China through interest rate cuts, easing geopolitical risks from US-China trade talks, and continued inflows of ETF funds from institutions like BlackRock (with a cumulative net inflow of over $40.5 billion). The current market is focused on the Federal Reserve's interest rate decision, expected to maintain rates, and if dovish signals are released, it could further boost Bitcoin to break resistance levels. The short-term support level is around $93,000, and technical analysis suggests that once it breaks $97,000, it may accelerate towards $100,000.