Although Bitcoin once rose to around $64,500, it has not been able to break through the $66,000 resistance level since September. The main factor leading to this situation is that investors prefer stocks and cash options to avoid risks in the current situation.

The recent release of stronger-than-expected US employment data has reduced the possibility of a recession and also led to a decline in investors' expectations for interest rate cuts. This means that higher interest rates will remain for longer, increasing investors' cautious sentiment and putting pressure on Bitcoin prices. Global investment banks have raised their expectations for corporate earnings, especially the bullish outlook for the stock market, further weakening the demand for alternative assets such as Bitcoin.

China's stimulus measures have boosted the Hong Kong stock market, while Bitcoin's derivatives market and spot ETF funds have not shown strong bullish signals. These factors together have made it difficult for Bitcoin prices to break through the $64,000 resistance. $BTC #加密货币立场 #BTC☀️