#WCTC S7 报名开启 Bitcoin is approaching $100,000, Trump's attitude towards China is softening, and BTC ETF demand is rising.

Bitcoin reaches 94,000 USD, setting a new 6-week high.
Trump may soften his trade stance on China.
The clearing indicates a short-term squeeze.
BTC ETF has attracted the most capital inflow since January.
Bitcoin breaks through the 200-day moving average and the downtrend line.
Bitcoin has risen over 6% in the last 24 hours, up 12% in the past 7 days, and has increased 20% from the low of $74,400 on April 7. Not only has Bitcoin risen, but other cryptocurrencies have also increased. Ethereum is up 10%, BNB is up 2%, and XRP is up 7%. SOL is up 9%.
Why is Bitcoin rising?
Government trade tariffs have affected market sentiment in recent weeks. The recent easing of US-China trade tensions has helped risk assets rebound.
Treasury Secretary Scott Baesett called the China tariff stalemate "unsustainable," suggesting it may ease. Subsequently, Trump stated that he would reduce tariffs on China, implying a more conciliatory approach.
Bitcoin's surge above $94,000 indicates a willingness to take risks due to global trade optimism. The U.S. market is expected to open up more than 2% after yesterday's rise.
The appointment of Paul Atkins as an SEC commissioner is also good news for cryptocurrency. Active Bitcoin enthusiast Atkins stated that his primary goal is to establish a reasonable, clear, and principled regulatory framework.
This week, the net inflow of BTC ETF was $1.32 billion, including $936.43 million on April 22. This is the largest single-day inflow for Bitcoin ETF since President Trump took office.
BTC/USD rebounded from $74,400, breaking through resistance levels including a multi-month downtrend line, reaching a historical high of $109,500, the 50-day and 200-day moving averages, and $90,000, ultimately reaching $94,000. These, along with an RSI above 50, provide buyers with greater hopes for further rises.
Bulls must psychologically reach $100,000. A surge above $100,000 will highlight $105,000, then $109,500, and the all-time high.
The integer level of $90,000 and the 100-day moving average provide immediate downside support. We are paying attention to the 200-day moving average below at $88,500. If it falls below $85,000, it will reverse the recent rise and bring $80,000 into consideration.