Even at this point, there are still people asking me why Bitcoin has surged so dramatically this time. If you have been paying attention to the news and current events, you would know that the influence of celebrities like Trump and Musk cannot be ignored; Federal Reserve officials have hinted at interest rate cuts, increasing market expectations for lower rates, which encourages investors to shift funds towards Bitcoin in pursuit of higher returns. Additionally, due to the impact of macroeconomic shocks and geopolitical tensions, Bitcoin's safe-haven attributes have been recognized. Countries and local governments like El Salvador and Bhutan are actively reserving and supporting Bitcoin, leading to a flood of funds driving the price of the coin upwards. From a technical perspective, Bitcoin has broken through the previous high of 92,000 on the daily chart with strong momentum, establishing a bullish structural change. The breakout candlestick closed above the horizontal resistance level and the 200-day moving average, which has attracted more technical investors to follow suit and buy.

Now, what is most important is how we can grasp the upcoming market trends. From a technical standpoint, the price of the coin has crossed the short-term moving averages above the long-term moving averages, forming a golden cross, with the 5-day and 10-day moving averages crossing above the 20-day and 50-day moving averages, indicating a short-term upward trend. The overall moving average system is also in a diverging state and is in a bullish arrangement, suggesting that Bitcoin's price is likely to continue rising in the short term. However, recently, the price has been continuously pressured by the resistance level of 95,000, and temporarily, the price is in an adjustment phase. On the daily level, a long bearish candlestick has appeared, indicating that market sentiment is heavily under selling pressure. The MACD in the hourly cycle is in the negative zone, and the fast and slow lines show a downward crossover trend, indicating that adjustments will continue in the short term. The RSI in the hourly cycle is close to 50, not entering the overbought or oversold zones, showing that the current market is relatively stable, but we need to pay attention to whether it will further decline. The EMA7 and EMA30 moving averages in the hourly cycle are showing a converging state, with the price slightly below the EMA7, indicating short-term pressure; the EMA120 is far below the current price, and the long-term trend remains upward. In terms of operations, short-term positions can be appropriately shorted, while the long-term overall trend continues to favor bullish positions. Specific point strategies will be provided below for reference.