The rise of BTC is driven by a variety of new and old factors, including the easing of trade tensions between China and the United States, as well as Moody's downgrade of the U.S. sovereign debt rating, prompting investors to seek alternative investment sources to the dollar. Additionally, the regulatory outlook is "very promising", risk sentiment continues to improve, and with the overnight 'triple kill' in U.S. stocks, bonds, and currencies, the rise of BTC this morning is also a natural outcome.

BTC has broken through a bullish 'megaphone' pattern that has lasted for four years, characterized by divergent trendlines, continuously rising highs, and continuously falling lows, indicating that a significant rise may occur after breaking above the resistance level.

Go long around 109,000, target 1,115,000.

Go long around 2,550 for Ethereum, target 2,650-2,700.