Bitcoin surged $3,800 in a single day. What will its future trenBitcoin / TetherUSBINANCE:BTCUSDTscrectNews: Favorable macroeconomic policies led the Federal Reserve to lower the federal funds rate to 3.75%-4.0%, injecting liquidity into the global market and weakening the US dollar. Bitcoin's role as a hedge against fiat currency devaluation became more prominent, and institutional holdings increased under the influence of loose monetary policy. This, to some extent, affected the supply and demand relationship, driving up the price. Technical Analysis: The Bollinger Bands have risen to near the middle band, showing a strong trend towards further breakthrough. If volume continues to increase, the upper band resistance will weaken. On the volume front, the bullish momentum is gradually weakening, exhibiting a price-volume resonance pattern where price declines are accompanied by decreasing volume. The hourly MACD has already started to turn downwards above the zero line, indicating continued weakening of bullish momentum. The RSI has formed a death cross in the overbought zone. In summary, after a significant rise driven by market stimulus, the market has entered a high-level consolidation phase. Specific BTC trading suggestions: If the resistance level of 106500 cannot be broken, we can only expect a continued pullback. If it can break through the 106500 resistance level, the next resistance level will be 107000, which will lead to further upward movement. Therefore, our long/short recommendations are as follows: Sell Entry Price: 106500/107000 Take Profit Price: 10460/10370 Stop Loss Price: 109200 Buy Entry Price: 104600/103600 Take Profit Price: 106400/107000 Stop Loss Price: 102000