$BTC

Recently, the price of Bitcoin has continued to fluctuate above $100,000, indicating market stability. Although there have been profit-taking situations in the short term, the overall trend remains upward.

Technical Analysis and Market Outlook:

• Resistance and Support Levels: Currently, Bitcoin faces a resistance level at $105,000. If it breaks through this level, it may further rise to $110,000. Conversely, if it falls below the support level of $100,000, it may retrace to $95,000.

• Market Sentiment: Large investors continue to increase their holdings of Bitcoin, showing confidence in future price increases. 

• Macroeconomic Factors: The $600 billion trade agreement reached between the United States and Saudi Arabia has boosted market sentiment and driven up the prices of crypto assets.