BTC’s near-term price trend hinges on several factors, including US-China tensions, SBR-related news, the Fed rate path, and US BTC-spot ETF flows.

Possible Scenarios:

Bearish case: Rising trade tensions, a hawkish Fed, and stalled SBR discussions could pull BTC below $90,000.

Bullish case: De-escalating trade risks, a more dovish Fed, and increasing political support for an SBR could push BTC toward its all-time high of $109,312.