The pancake surged again at dawn, with yesterday's white plate repeatedly hitting historical highs. After a brief pullback during the European session, Bitcoin surged again after the US stock market opened, reaching new highs. Due to expectations of interest rate cuts by the Federal Reserve and Trump's imminent inauguration, market optimism towards Bitcoin has increased significantly, driving its sharp rise. This is closely related to Trump's supportive cryptocurrency policies, as he aims to make the United States a superpower in Bitcoin and promote a friendly regulatory environment, breaking the restrictions of the Biden administration, which is expected to significantly increase Bitcoin demand and drive up its price.

On the daily chart, Bitcoin has recorded three consecutive bullish candlesticks with rising prices. Indicators continue to show increased volume, and the Bollinger Bands exhibit signs of turning upwards. The bulls still have room to stretch; do not guess the top, as a pullback to key support can be an entry point. Currently, in the short term, the price is facing resistance around the 108,000 level. After consecutive highs, a pullback is needed, with the next target being the 110,000 - 112,000 area; a pullback remains the main way to participate.

Trading suggestions:

Buy BTC on a pullback near 105,000 - 105,800, targeting 108,000 - 108,800; a short position can also be taken in this range;

Buy ETH on a pullback near 3,930 - 3,950, targeting 4,060 - 4,100.#BTC #BTC☀ $BTC