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  According to TheBlock, JPMorgan analysts stated that the rise in gold from mid-February to mid-April suppressed Bitcoin's performance. However, in the past three weeks, Bitcoin has rebounded by 18%, while gold has fallen by 8%, with funds shifting from gold ETFs to crypto funds. A series of catalysts include:   Corporate Accumulation: Strategy (formerly MicroStrategy) plans to raise another $42 billion to buy Bitcoin by 2027, and Bitcoin strategy companies like Metaplanet continue to purchase; Government Reserves: New Hampshire allows 5% of state assets to be allocated to Bitcoin, and Arizona is establishing a digital asset reserve; The derivatives market is gradually maturing.   Nikolaos Panigirtzoglou, Managing Director at JPMorgan, pointed out: As more U.S. state governments consider including Bitcoin in their reserves, this could become a continuous positive factor.

  According to CoinDesk, analyst Omkar Godbole released an analysis report indicating that Bitcoin and the price chart of the largest global Bitcoin holder, Strategy, have simultaneously shown a technical bullish signal. The daily charts display the 50-day moving average crossing above the 100-day moving average, forming a "golden cross." Analyst Omkar Godbole pointed out that this simultaneous signal suggests that the short-term trend is surpassing the long-term trend, potentially indicating the start of a major bull market wave.   However, the analyst also noted that on-chain data shows that whale market participants are turning cautious, with the current price encountering resistance in the $101,000 to $107,000 range, and the key support level being $98,000.