This rally is mainly attributed to the recovery of market sentiment and the inflow of funds:

Policy expectations heat up: Trump publicly supports the CLARITY Act, reigniting market optimism about the implementation of cryptocurrency regulatory frameworks. This is seen as a key catalyst driving the market out of its slump.

Fundamentals bottoming out: The US spot Bitcoin ETF recorded net inflows for two consecutive days on Monday and Tuesday, totaling over $680 million, indicating that institutional funds are re-entering the market.

Technical recovery: The price held above key moving average support and successfully broke through the upper boundary of the previous consolidation range, triggering short covering and further pushing the price higher.

⚠️ What’s the outlook?

Although short-term bullish momentum has strengthened, the market still faces uncertainties:

Upper target: If the rally continues, the next key resistance level is around $74,400. Breaking through this could lead to further gains toward $78,800.

Risk warning: The geopolitical situation in the Middle East remains a potential risk point, and the price has shown overbought signs after rapid ascent, so short-term pullback risks should be watched carefully.