In the past two months, #BTC has been highly consistent with the major trends of the US stock market, and the long-term rise of Bitcoin is linked to US macro policies.
Last week, it rebounded to the level before the 2.25 tariff reduction, but the actual BTC price stabilized at 103500, while the Nasdaq only rose by 6.3%, indicating that BTC is more resilient.
If the Nasdaq returns to the peak level at the beginning of Trump's term, it still needs to rise by 4.3%, while BTC's potential upward space is around 5%, with a target of 110700. However, this is still an ideal value, and in reality, returning to such a price requires new events to drive it.
Recent policy adjustments have partially alleviated market concerns, and there are currently no significant recession signals. The US stock market is likely to return to previous highs. During this critical data vacuum period, if market sentiment continues to be optimistic, the US stock market and cryptocurrencies will continue to rise. BTC still follows the US stock market but is more volatile, with short-term focus on the key resistance level of 110000~
