The United States and China announced a 90-day suspension of some tariffs: the USA will reduce rates from 145% to 30%, while China will reduce them from 125% to 10% during the same period.
As a result of the agreement, trading volumes in the markets increased, allowing BTC to break the psychological barrier of $105,000.
Around the same time, S&P 500 futures rose by nearly 3%, while gold lost about 3%, confirming investors' retreat from safe havens.
Despite a slight correction in BTC downwards, the dominant bullish stance in the futures market (Long/Short Ratio above 1) and the increase in demand for call options indicate further upside potential, although divergence signals on the Chaikin Money Flow indicator warn of possible weakening in purchases.
If the purchasing dynamics weaken, we will have a correction.