$BTC

After waking up from a sleep, the price of Bitcoin surged again, leading to a massive short squeeze of over 97 million for short sellers. Now, Nini predicts the appearance of a 'N' shape pattern, successfully breaking through the downward trend line and forming a trend rebound.

The reasons for this sudden rise may be related to the following favorable news:

1. The Chinese side has agreed to engage with the U.S. on tariff issues, and U.S.-China trade negotiations are expected to reach a reconciliation, along with the successful trade agreement between the U.K. and the U.S.

2. New Hampshire has become the first state in the U.S. to pass a strategic Bitcoin reserve bill, and several states in the U.S. are expected to pass Bitcoin strategic reserve bills soon.

3. The central bank has officially announced a rate cut.

4. The listed company Thumzup has applied for financing of 500 million dollars to purchase more Bitcoin, and the CEO of the New York Stock Exchange has also announced an increase in holdings of 42 Bitcoins.

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