$BTC

Technical Aspect

The 4-hour rebound of Bitcoin has completed, with the price facing some resistance at 86000. Overall, buying pressure is stronger than selling pressure, but there is no sign of overbuying. The main issue is that buying momentum has slowed down, and the market has started to enter a phase of consolidation. Currently, the expectation is for a potential large rebound at the daily level, projected around 88000-92000.

Policy Aspect

The deadlock in tariff negotiations between China, the US, and Europe has led to short-term negative sentiment being exhausted, and a strong stance from the East is suppressing market risk-averse sentiment. For the market now, no news is the best news.

Capital Aspect

Bitcoin ETF has begun to see mild inflows, with the average daily trading volume of spot transactions in the range of 2.2-2.3 billion USD. Market liquidity remains stable, and after experiencing fluctuations, the market has entered a new accumulation phase, while long-term holders on-chain are also increasing their positions.

The medium-term upward trend of Bitcoin remains unchanged, with short-term fluctuations poised for a breakout.