BTC breaks through the $104000 mark

Click on the link to enter the live stream: https://meeting.tencent.com/p/5551765098 (Note: Tencent Meeting APP needs to be downloaded) It's a bit dreamy to say that Da Bing has once again stood at the position of 104000. I made a mistake myself in this market trend, relying too much on technical aspects and ignoring that the current market is completely controlled by Trump. The technical aspects are not as effective as someone else's tweet. There's nothing I can do about it. In fact, personally I still think there is an opportunity for the market to be bearish in the long term. Bitcoin has been in the market for so many days, and only yesterday did a single trading volume appear at the daily level, which is still high. This situation, combined with the historical trend in recent years, is often bearish at the high level. Currently, technical indicators, except for naked k, are mostly supportive, and the rest are in a bearish state. Therefore, personally, I still prefer to short at the high point. This wave of positive news for Ethereum has finally landed, with the only rebound in six months. The washing up was too severe, and after washing back and forth for a long time, all the pressure levels and support levels were useless during the upward trend. It completely controlled the market and took off, but it was still heavily manipulated, with a high of 2500 and a sudden drop to 2300. Therefore, the recent market trend has directly increased the intensity of operations. Ethereum will pay attention to the 2580 position in the future. Operation suggestion: Bitcoin 104800 to 5500 is short, defending 106000. Target 98500 Ethereum 2580 to 2550 are empty, defending 2620. Target 2250 QQ Fan Experience Group: 1018013659 DingTalk Fan Experience Group: 116320006956 Tencent Meeting Live Number: 5551765098 Disclaimer: The above content only represents the author's personal opinion and is for communication and sharing purposes only. It does not represent the position or viewpoint of AiCoin and does not constitute any investment advice. Based on this investment, there may be external contacts, which have nothing to do with AiCoin, and the consequences shall be borne by oneself.

BlockBeats News: On Wednesday, May 10th, New Hampshire passed a bill allowing the state to create a strategic Bitcoin reserve. A day later, Arizona also passed legislation supporting cryptocurrency reserves. As the November elections approach, the momentum at the state level reflects further attention from political leaders towards digital asset policies. Recently, President Trump's optimistic remarks about the upcoming US China trade negotiations have also eased market anxiety. These remarks echo the new trade agreement signed between the United States and the United Kingdom, which will eliminate reciprocal tariffs and lower tariffs on American goods, further boosting confidence in the stock and cryptocurrency markets. Analysts say that the recent trend marks a decisive break from the sluggish price behavior that plagued altcoins in March and April. Traders believe that the cryptocurrency industry may finally have found a second spring as a hedge against market uncertainty, "said Nick Ruck, director of LVRG Research, in a Telegram chat. Investors are changing their views on cryptocurrencies as altcoins have overcome negative trends and are gaining buying pressure due to the resurgence of risk appetite sentiment, "Ruck added. The 30% increase in Ethereum this week is also attributed to increased institutional interest and the momentum of Pectra upgrade, which introduces long-awaited executive layer reforms aimed at improving efficiency and scalability. This upgrade provides Ethereum with much-needed reforms to consolidate its position as a leading chain in increasingly fierce competition, "said Mei from BTSE. Given that Ethereum prices are far below their historical highs, we may see significant upward potential in the coming weeks and months, especially as macro concerns ease and institutions become more willing to allocate to cryptocurrencies and crypto ETFs. '' Nevertheless, traders are still closely monitoring this weekend's US China trade negotiations. The negotiations will begin in Switzerland later on Saturday, and any signs of deadlock or increased tension could weaken the current uptrend.

OKX-BTC/USDT is currently trading at $103508.10, with a 24-hour increase of 0.40%. Please be aware of market fluctuations.

According to 8newsnow, three teenagers are accused of kidnapping a man at gunpoint, taking him to a remote desert area an hour's drive outside Las Vegas, and stealing $4 million in cryptocurrency and NFTs. The preliminary hearing is scheduled for June. Records show that 16-year-old Belal Ashraf and Austin Fletcher, as well as a third teenager from Pasco County, Florida, are facing charges including robbery, kidnapping, and extortion. A juvenile court judge previously identified Belal Ashraf and Austin Fletcher as adults. Chain detective ZachXBT stated that he had previously helped the victim freeze over $200000 worth of cryptocurrency.

The current price of ETH is $2420.66, with a 3.45% increase in the past 24 hours. Among them, the total liquidation amount of contracts across the entire network in the past 24 hours was 242 million US dollars, with the main liquidation being short orders and ETH liquidation being 72.91 million US dollars (30.11%). The data is for reference only.