#CreatorPad 💰 As of July 28, 2025, the Bitcoin price is reported at **$119,552** (approximately $119,552), with a daily increase of 1.1%, approaching the key resistance level of $120,000.

**Driving Factors**:

1. **US-EU Trade Agreement** reduces tariff uncertainty, boosting demand for risk assets;

2. **Market Caution** remains due to the upcoming Federal Reserve interest rate decision (July 30) and the US cryptocurrency policy report, which may impact liquidity expectations and regulatory direction.

**Technical Signals**:

- The 4-hour chart forms a "golden cross" (20-day moving average crossing above the 50-day moving average), RSI is bullish, but the $120,000 resistance is strong, requiring an effective breakthrough to open up upside potential.

- Derivative positions have increased, and if a breakout occurs, it may trigger short squeezes, pushing the price to test the historical high of $123,218.

**Short-Term Risks**: If it falls below the $118,000 support, it may retrace to the $116,000-$111,000 range.