$BTC

1. UK-US Trade Agreement Boosts Market Confidence

Former US President Donald Trump announced a 'comprehensive trade agreement' with the UK, and hinted that agreements with other countries are also being actively negotiated. This news alleviated market concerns about trade policy uncertainty, sparking investment enthusiasm in global risk assets.

2. Federal Reserve Maintains Stable Interest Rates

In its latest meeting, the Federal Reserve decided to keep the benchmark interest rate between 4.25% and 4.50%. Chairman Powell mentioned that the economic outlook still carries a high degree of uncertainty, but the overall economic situation remains robust. This decision provided the market with stable expectations, supporting the rise of risk assets like Bitcoin.

3. Institutional Capital Inflows and Increased ETF Investments

Reports indicate that institutional investors' interest in Bitcoin continues to strengthen, with significant increases in ETF capital inflows. For example, MicroStrategy announced plans to further purchase Bitcoin through a $21 billion stock issuance, showing corporate optimism about crypto assets in the long term.

4. Technical Indicators Show Strong Upward Momentum

Technical analysis indicates that Bitcoin has broken through a descending channel and flag pattern, suggesting that the upward trend may continue. Although the Relative Strength Index (RSI) is nearing the overbought territory, the Moving Average Convergence Divergence (MACD) has shown a bullish crossover, supporting the possibility of further increases.