If $BTC BTC can maintain a daily closing price at this level, it will become an important signal confirming the start of a new upward cycle, marking the absolute dominance of bullish forces in the market game and creating favorable conditions for breaking through historical highs.

In addition, the current leverage ratio in the derivatives market is within a reasonable range, further supporting a sustainable upward trend.

From a risk perspective, if Bitcoin fails to stay above the key price level, market sentiment may undergo a structural shift.