$BTC Bitcoin is currently trading around $102,461, with a 1.77% decrease in the last 24 hours. Recent news highlights a significant development in the US-China trade deal, which has sparked a risk-on sentiment in the crypto market, boosting investor confidence in riskier assets like Bitcoin.

*Key Updates:*

- *US-China Trade Deal*: The two countries have agreed to major tariff reductions for 90 days, potentially fueling a price rally for Bitcoin.

- *Institutional Demand*: US spot Bitcoin Exchange Traded Funds (ETFs) recorded a total inflow of nearly $920.90 million last week, continuing its four-week inflow streak since mid-April.

- *Corporate Demand*: Japanese investment firm Metaplanet announced that it acquired 1,241 BTC worth $125.30 million, bringing its total holding to 6,796 BTC.

*Market Analysis:*

- Bitcoin's price is stabilizing around $104,000, edging closer to its all-time high of $109,588.

- A decisive daily close above the $105,000 resistance level could open the door for a rally toward the all-time high.

- Signs of bullish exhaustion are emerging on momentum indicators, with the Relative Strength Index (RSI) standing at 74, above the overbought threshold of 70 ¹.