Bitcoin is brewing a new upward cycle driven by macro positive factors and capital flows. The Federal Reserve's core CPI data came in below expectations, and market expectations for rate cuts have significantly increased. The weakening of the US dollar index has created ideal liquidity conditions for this high-beta asset. Leading institutions like MicroStrategy continue to increase their holdings, and with the White House announcing the seizure of Bitcoin as part of the national strategic reserves, this undoubtedly reinforces BTC's strategic position in global asset allocation.

From on-chain data, although some long-term large holders are adjusting their asset structures, their actions are not out of panic—they are rather maintaining substantial positions within large holdings, indicating their outlook on the subsequent market trend remains optimistic. Interestingly, BTC's valuation relative to gold has reached a historical low, suggesting that a large amount of capital may be shifting from traditional safe-haven assets (like gold) to more growth-oriented cryptocurrencies.

In the short term, the market will certainly experience volatility and emotional swings, but continuous institutional funding and the gradually diminishing panic atmosphere are sending a clear signal: the market is accumulating strength for the next explosive phase.

**Technical Analysis:**
The current price hovers around 95,072.1 USDT, approaching the resistance zone (95,550-95,805). Support levels are within the range of 94,234.5-95,733.1. The main resistance is at 95,763.0; once broken, the risk will significantly increase.

**Trading Suggestions:**
Near the resistance level, consider opening short positions, but be sure to set stop-loss orders. If the resistance is broken, immediately cut losses—don't fight the market. This price level is a critical point, so proceed with caution.