This week, Bitcoin continued its upward trend, briefly breaking the $110,000 threshold, benefiting from the cooling of U.S. inflation and rising expectations for interest rate cuts, leading to a resurgence in market risk appetite. A golden cross and a flag breakout have appeared in the technical analysis, creating a strong bullish atmosphere. If it can break through the $112,000 resistance zone, it may challenge new highs. However, in the short term, it is still necessary to pay attention to the possibility of a retest of $107,000 and the psychological barrier of $100,000. The overall trend is bullish but volatility is increasing.
