After taking office, Trump is ambitious and has more influence in the cryptocurrency space than Musk.

This week, the Federal Reserve's interest rate decision is approaching, undoubtedly injecting momentum into the market. Bitcoin has surged strongly, hitting a new historical high of 107777, marking seven consecutive weeks of increase, the longest since 2021. Currently, after breaking the new high during the day, it experienced a volatile decline, followed by a rebound after dipping in the evening. The hourly chart shows a series of upward movements, indicating signs of continuation for the bulls.

In the short term, the pressure at the 108000 level is likely to be broken, and the market may anticipate the positive impact of the Federal Reserve's interest rate cut. Next, it is expected to challenge the range of 108000 - 112000.

Market bullish sentiment is strong; trade with the trend and look for buying opportunities on pullbacks. Acknowledge the trend, maintain the right mindset, and follow one direction; a trending market will surely yield profits.

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