#BTC

BTC Market Analysis:

The recent surge in Bitcoin seems a bit confusing, doesn't it? It dropped to around 93,300 and then quickly bounced back up. The main factor is the news from six o'clock, where China and the United States decided to de-escalate and engage in commercial negotiations. Many see this as a positive signal, leading to a price surge!

In terms of trends: Looking at the smaller time frames, this price surge has approached the previous high point. Currently, there has been a short-term spike and pullback. It's said that price surges driven by news are not long-lasting; let's see if this one can hold. Watch for support at the Fibonacci level of 96,000 and near the upper range of 95,500.

Regarding news: Pay attention to reconciliation news between China and the U.S. The current expectation is for reconciliation, so let's wait for confirmed news to come out!