#Gate 2025 Semi-Year Community Gala# voting is in progress! 🔥
Gate Square TOP 40 Creator Leaderboard is out
🙌 Vote to support your favorite creators: www.gate.com/activities/community-vote
Earn Votes by completing daily [Square] tasks. 30 delivered Votes = 1 lucky draw chance!
🎁 Win prizes like iPhone 16 Pro Max, Golden Bull Sculpture, Futures Voucher, and hot tokens.
The more you support, the higher your chances!
Vote to support creators now and win big!
https://www.gate.com/announcements/article/45974
Today is the 324th day of my dynamic writing, without a single day missed. Each post is not done half-heartedly, but with serious preparation.
If you think I am a serious person, you can walk with me, and I hope the daily content can help you. The world is big, and I am small, so please follow me to avoid difficulties in finding.
Today, the crypto market is experiencing a rebound, with Bitcoin breaking above 97,000 and slightly retracing, while Ethereum (ETH) stands at 1,850 USD. Overall market sentiment has shifted towards greed.
Key Driving Factors:
1. China's Easing Policy Stimulus: The People's Bank of China announced today a reduction in the reserve requirement ratio and interest rates (the reserve requirement ratio lowered by 0.5%, policy rate reduced to 1.4%), releasing liquidity, boosting market risk appetite, and pushing BTC to surge by 3% during the Asian trading session.
2. Expectations for China-U.S. Economic and Trade Talks: Chinese Vice Premier He Lifeng will meet with U.S. Treasury Secretary Yellen from May 9 to 12, and the market interprets this as a signal of easing trade tensions, driving BTC prices to rise.
3. Institutional funds continue to flow in: BlackRock increased its holdings by 6,954 BTC in a single day, with the total net asset value of the ETF reaching 111.1 billion USD, indicating strong confidence in institutional positions.
4. Technical Breakthrough: BTC breaks through the key resistance of $97,000, with support at $93,523 and a short-term target of $100,000; ETH benefits from the upgrade, with support at $1,798 and resistance at $1,852.
Market Outlook:
The Federal Reserve's interest rate decision will be announced tonight. If the current rate (4.25%-4.5%) is maintained, the market may experience short-term fluctuations; if a dovish signal is released, BTC may accelerate its assault on 100,000.
Investment Advice:
Short-term follow BTC's breakthrough at 97,000 USD, and ETH can be positioned for upgrades at lower levels; be wary of volatility risks after the Federal Reserve's decision and manage positions wisely. Market sentiment is warming up, but be cautious of high-level pullbacks; those who are conservative may wait for clearer trend signals.
Buy horizontally and buy dips, don’t buy vertically; the selling point is at the boiling point.
Continuous small rises are real rises, continuous big pumps should exit.
A sharp fall with no volume is intimidation, a slow fall with higher trade volumes means to withdraw quickly.
A large surge requires a pullback, don’t dig deep pits, don’t buy heavily.