As of May 7, 2025, the Bitcoin price fluctuates between $96,000 and $96,800, with a 24-hour increase of approximately 0.9%-3%, reaching a high of $97,732, approaching the $100,000 mark. The main reasons driving the increase include the release of liquidity from the Chinese central bank's reserve requirement ratio and interest rate cuts, easing geopolitical risks from US-China trade talks, and continuous 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 could further boost Bitcoin to break through resistance levels. The short-term support level is around $93,000, and technical indicators show that breaking through $97,000 may accelerate the push towards $100,000.