Here is an analysis of $BTC from different perspectives:

1. Technical Analysis:

- In the 4-hour chart, Bitcoin (BTC) broke a consolidation pattern between $96,000 and $97,800, advancing towards $99,400 (May 2025 data). This indicates a recent bullish trend after surpassing a resistance zone.

- The key levels identified previously show strong support around $88,405 and resistance near $99,400. These levels may be relevant to observe potential future movements.

2. Fundamental Analysis:

- Macroeconomic factors, such as rising rates and episodes of risk aversion, have impacted the crypto market. For example, in April 2025, BTC experienced a 19.1% drop during a period of high volatility, demonstrating its sensitivity to global events.

3. Institutional Research Perspective:

- Binance Research provides institutional reports on Bitcoin and other digital assets, offering detailed analysis on trends, adoption, and market behavior. These reports can be useful to understand the overall context and the factors influencing BTC.