Analyze the positive factors behind Bitcoin's new highs:
1. Federal Reserve interest rate cut expectations: The minutes from the Federal Reserve's June meeting indicated that most participants believe a rate cut this year may be appropriate, enhancing market expectations for future liquidity easing, providing macro catalysts for risk assets like Bitcoin.
2. Trump tax and spending bill: The large "Make America Great Again" tax and spending bill signed by Trump will increase the federal deficit, leading U.S. debt towards unsustainability, raising the risk of poor macro management, and increasing investors' interest in non-sovereign value storage methods like gold and Bitcoin.
3. Decreasing impact of the tariff war: Although tariffs have impacted the crypto market, recent market performance has been stable, with cryptocurrencies viewed as valuable hedging tools, leading investors to prefer Bitcoin, stimulating its rise.
