$BTC Below is the latest **Bitcoin (BTC) Situation Overview:**
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📉 Current Trend and Technical Analysis
Recently, BTC has been fluctuating in the range of approximately $105,000–$107,000, lacking a clear short-term direction.
Cointelegraph reports that although there is a technical RSI divergence, the market may drop to $64,000 in the short term, but it also shows potential for a continued upward structure.
Analysts from Seeking Alpha have found that BTC has formed a “tweezer bottom” (double bottom candlestick reversal signal), suggesting a potential rebound to higher levels in the short term, but breaking below $100K would invalidate this reversal hypothesis.
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📰 Market Drivers and Hot News
1. Las Vegas Bitcoin 2025 Conference
The conference has nearly 35,000 attendees, bringing together political and corporate power, further promoting the political and financial attributes of BTC.
2. Institutional Asset Allocation Boom
Family offices and corporations (such as MicroStrategy) continue to incorporate BTC into their asset allocation, some using borrowing leverage to increase their holdings.
Multiple analyses indicate that most institutions recommend allocating 2–5% BTC in their portfolios to address long-term risk-adjusted returns.
3. Macroeconomic and Political Environment
U.S. tariffs and bond market volatility affect risk appetite, causing BTC to pull back from its $112K high to around $104K, reflecting healthy adjustment characteristics.
Internal U.S. politics (such as the Trump-Musk dispute) have a certain impact on BTC price fluctuations, but overall, support remains above.
