Bitcoin's recent movement is quite interesting. Yesterday during the day, it held around 92,000. With the US CPI data coming out as expected, market sentiment immediately picked up. Coupled with the positive news boost, it surged to around 96,800 in the evening. This shows that the bullish momentum is still quite strong.
From a macro perspective, the US dollar is indeed less aggressive than before. Based on the current trend, a rate cut cycle is highly likely to begin by 2026. During such times, hard assets like Bitcoin and gold become good tools for risk hedging — safe-haven funds usually flow into gold first, followed by Bitcoin.
On the technical side, if Bitcoin experiences a pullback, around 94,000 is a good entry point. Looking upward, 95,000 is the first resistance level. If broken, the next target would be around 97,000.
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#策略性加码BTC Market Notes:
Bitcoin's recent movement is quite interesting. Yesterday during the day, it held around 92,000. With the US CPI data coming out as expected, market sentiment immediately picked up. Coupled with the positive news boost, it surged to around 96,800 in the evening. This shows that the bullish momentum is still quite strong.
From a macro perspective, the US dollar is indeed less aggressive than before. Based on the current trend, a rate cut cycle is highly likely to begin by 2026. During such times, hard assets like Bitcoin and gold become good tools for risk hedging — safe-haven funds usually flow into gold first, followed by Bitcoin.
On the technical side, if Bitcoin experiences a pullback, around 94,000 is a good entry point. Looking upward, 95,000 is the first resistance level. If broken, the next target would be around 97,000.
$BTC