TechFlow news, on May 8, Adam, macro analyst at Greeks.Live, released a daily report for the Chinese community stating: "Overall sentiment is bullish, especially as Bitcoin breaks above the $99,000 level, sparking active discussions within the group. Most traders believe Bitcoin may soon surpass the $100,000 mark, while Ethereum is struggling to break through the key resistance level of $2,000.
Despite the Fed holding interest rates steady, market reaction was positive. Most traders believe the market has become immune to Powell's statements, with Trump's policies now being the real driver of market direction;
Ethereum is viewed as an asset with greater upside potential, with community members optimistic about its rebound from the $1,600 area to $2,000 or higher, believing it is currently in a value recovery phase after a prolonged decline."
