$BTC Bitcoin remains around ~$108,700, having risen from a level of about $105–$107 thousand after news of negotiations between the US and China, radically improving market sentiment. The technical picture looks bullish:

• A breakout above the resistance level of ~$105,700 confirms the formation of a broad 'descending broadening wedge' on the 4-hour chart, which could signal a new ATH ($111,970 and above).

• An additional breakout above $108,900 could provide an accelerated growth momentum. Inflation and regulatory expectations:

• The Fed's rate cuts and positive macroeconomic dynamics strengthen the capital inflow into BTC; three weak reports on the US economy have heightened expectations for a loosening of monetary policy.