Bitcoin's spike to 65,222 is a very healthy breakthrough of the downward flag pattern, testing the upper edge of the flag. As long as it doesn't drop below yesterday's second low of 66,800, there is hope to break through the 70,000 mark. Currently, support levels are at 66,800 and 66,200.

We may have to wait until the US election to see a real breakthrough. The overall trend on the weekly MACD shows a golden cross upwards, indicating an ongoing upward trend.

In the past month, the combination of interest rate cuts and the election environment has allowed BTC to rise from 60,000 to nearly 70,000, with MEME tokens soaring!

The ETF spot market continues to see inflows, and the trend is very strong. Most altcoins are also approaching their bottoms, marking the beginning of a new cycle.

Here, we still expect BTC to move towards new highs, creating a wave of trading opportunities.

Several key factors are driving significant capital inflows:

The US election, with both candidates supporting Bitcoin,

Federal Reserve interest rate cuts,

The $16 billion FTX payout from Q4 2024 to Q1 2025.

In the three previous US presidential elections, Bitcoin experienced significant surges, and this time is expected to be no different. Regardless of who becomes president, the overall upward trend of Bitcoin will not change; however, if Trump is elected, BTC will rise even more aggressively! #BTC回升至6W7 #美国大选前行情观察 #牛市赛道是那条？