Current Price Trends - Bitcoin has successfully broken above the $100,000 psychological level, reaching a price of $102,826 with a 24-hour increase of 5.75%, marking the first time since February 2025 that it has surpassed this key threshold [7] - The price surged from a low of $93,327 to a high of $101,678, establishing a clear upward trend and breaking previous resistance levels [7] - Institutional buying remains strong, with Metaplanet investing $53.4 million to acquire 555 BTC, bringing its total holdings to 5,555 BTC, valued at over $536 million [7] Market Catalysts and On-Chain Data - New Hampshire has become the first U.S. state to pass a strategic Bitcoin reserve law, allowing the state treasurer to hold Bitcoin as part of the regulated reserve structure, which is seen as a significant milestone for Bitcoin's official recognition [7] - The Federal Reserve maintained its interest rate target range at 4.25% to 4.50%, supporting risk assets like Bitcoin despite rising inflation risks [7] - Analysts have raised their price targets for Bitcoin, with Standard Chartered suggesting that the previously predicted $120,000 target for Q2 may be too low [7] Ethereum Performance and Technical Upgrades - Ethereum's price surged to $2,187.99, with a remarkable 24-hour increase of 20.22%, significantly outperforming Bitcoin [12] - The successful completion of the Pectra upgrade on May 7 introduced major improvements, including an increase in the maximum staking amount from 32 ETH to 2048 ETH, which is expected to attract more funds into the staking pool [12] - Ethereum's total value locked (TVL) increased by 41% to $52.8 billion, and daily transaction volume rose by 22% to 1.34 million, indicating a significant boost in network activity [12] Trading Strategies - A bullish strategy is confirmed as Bitcoin has effectively broken the $100,000 psychological barrier, with entry points suggested in the $100,500 to $101,500 range during pullbacks [7] - For Ethereum, entry points are recommended in the $2,100 to $2,150 range after a breakout above the $2,200 resistance level, with short-term targets set at $2,300 and long-term targets at $3,000 [12] - A three-stage accumulation strategy is advised for both Bitcoin and Ethereum, with specific percentages allocated for initial, subsequent, and final entries [7][12] Key Events and Market Outlook - The market is closely monitoring Bitcoin's ability to maintain its position above the $100,000 level and Ethereum's performance post-Pectra upgrade [17] - Upcoming U.S. CPI data on May 10 is expected to influence the Federal Reserve's future policy direction, impacting the cryptocurrency market [17] - The overall market sentiment remains positive, driven by institutional inflows and significant technical upgrades, suggesting a long-term bullish trend for cryptocurrencies [18]