Bitcoin Technical Breakthrough: Is Its Safe-Haven Attribute Emerging After the Fed's Rate Decision?

 

After the Federal Reserve's benchmark interest rate decision, on the morning of May 8, Bitcoin's price strongly broke through the critical resistance level of $96,000 and continued to climb to the $97,700 range within a few hours, peaking at $98,350, marking a new high since the adjustment in late April 2025. Based on the latest pre-market candlestick data and trading volume observations on May 8, Bitcoin shows a typical "strong shock followed by another attack" pattern, characterized by a bullish breakout with increased volume and successful digestion of the dense trading area.