The impact of the US election and interest rate cuts has been digested by the market. So, what other potential positive factors can push Bitcoin to break through the current pressure zone and open up future upward space?

At present, I see three possible positive factors:

Including Bitcoin in national foreign exchange reserves: If more countries begin to include Bitcoin as part of their foreign exchange reserves, this will greatly increase its market demand and long-term value.

US crypto policy legislation: New legislation such as FIT21, if it can provide a clearer regulatory framework and more legalization opportunities for the crypto market, will help promote market stability and growth.

A new round of QE (quantitative easing): If the Federal Reserve or other major central banks launch a new round of quantitative easing policies, this will increase market liquidity and may have a positive impact on risky assets such as Bitcoin.

None of these factors will happen in the short term, so market fluctuations may continue for a long time.