BTC Market Analysis:

Bitcoin saw a strong surge last night, bringing life back to the market, and we heard calls for a bull market everywhere. After the CME chart refilled, it strongly surged, with a ceasefire in the war and the Federal Reserve hinting at a rate cut in July, becoming the main driving force behind the current market rise!

From the chart perspective, the break below 100,000 constituted a false breakdown. Meanwhile, this wave of increase has once again faced resistance near the central pressure position. Next, we should pay attention to whether the resistance around 106,800 can be effectively broken! If it breaks effectively, it will increase the probability of reaching a new high, clearing the massive liquidity existing above 115,000!

On the contrary, if it adjusts downwards, we should continue to monitor the position near 102,000. If there is another break below 100,000, then it will truly be a breakdown!