**Bitcoin Bounces Back, But Can It Break $65K?**

Bitcoin saw a 9.7% surge from July 13 to July 15, hitting around $63,500 and reversing previous losses. However, the $65,000 resistance remains unbroken for four weeks. Speculation about China lifting its Bitcoin ban fueled the rally, though no official confirmation exists.

Despite a leading US presidential candidate supporting Bitcoin, derivatives markets show little optimism. Analysts doubt China will change its stance due to political reasons, and Chinese investors still face restrictions.

The Republican National Committee's draft policy supports Bitcoin mining and self-custody, accusing Democrats of an "unlawful" crypto crackdown. Market sentiment suggests Trump's potential election win could boost Bitcoin-friendly regulations.

To gauge confidence in Bitcoin's support at $63,000, the perpetual futures funding rate is key. Currently, it's neutral at 0.005% per 8 hours. However, the BTC futures premium hit 11% on July 15, indicating moderate optimism.

In summary, while Bitcoin shows signs of recovery, breaking the $65,000 barrier remains uncertain. Traders should stay cautious and conduct their own research.