The weekly chart breaks through resistance at $BTC , and the expectation of interest rate cuts ignites a bullish frenzy!
From the perspective of Bitcoin's weekly trend, the current bullish strength far exceeds expectations, easily breaking through key resistance levels, indicating a strong consensus in the market for an upward movement.
Combining this with the expectation of a global shift in monetary policy, if an interest rate cut cycle begins in the second half of the year, the crypto market is expected to welcome a new round of major upward momentum.
However, in the short term, the price has accumulated adjustment demand at high levels. If it breaks below the $98,400 mark, it may trigger technical fluctuations at the 1-4 hour level, but the medium to long-term trend remains optimistic.
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