The recent surge in Bitcoin, breaking through the $65,000 mark, has captured a lot of attention. This upward movement has broken through resistance levels, which is worth celebrating! But can this bullish trend sustain? Is the bull market back? Will Bitcoin drop again? Why did it rise? What macroeconomic factors are at play? And how should we interpret the subsequent trends?

**Institutional Activity:** Interest from institutions is at an all-time high. Bitcoin ETFs saw an inflow of $252 million in just one day. Giants like BlackRock and Morgan Stanley are increasing their Bitcoin holdings.

**Technical Analysis:** Bitcoin has broken through the recent consolidation range, moving past the $62,000 mark to reach $65,000. This suggests the market has broken out of the consolidation phase, and Bitcoin may now face new resistance and support levels.

**Market Sentiment:** The Fear and Greed Index is at 56, indicating "Greed." Bitcoin’s dominance in the crypto market is around 53-56%, showcasing its strength in the cryptocurrency space. The total crypto market cap has soared to $2.3 trillion.

**Macro Factors:** Fed Chair Jerome Powell indicated that there could be a rate cut in September, which would mean more liquidity in the market. The Fed's positive stance has driven up both U.S. stocks and Bitcoin.

**Caution:** Retail investors have shown increased enthusiasm driven by recent news. It's important to monitor the sustainability of the bullish trend and the outcome of the Fed's actions in September. A weakening dollar and strengthening yen could negatively impact import-export stocks, so it's important to keep an eye on related sectors.$BTC