Bitcoin's recent surge has been quite aggressive, briefly surpassing $97,000 during the week and hitting a nearly two-month high. From a fundamental perspective, spot ETF capital is flowing back in, inflation data is easing, and market expectations for regulatory frameworks are warming—these factors combined have clearly given the short-term bulls an edge.

**Technical Outlook**

The key point is that BTC has effectively broken through the long-term consolidation upper boundary around $94,700. This isn't just a simple price crossing; trading volume has also increased significantly, and the price has stabilized above the breakout level without retreating, indicating that the bulls have gained structural control. This is a clear technical signal.

**Reasons for the Rise**

Institutional funds have shown a noticeable net inflow into spot ETFs recently, with strong daily data supporting the price. On the macro front, US inflation is easing, interest rate expectations are warming, and risk asset sentiment is improving, providing more support for BTC during its breakout. Although some legislation related to regulation has been slow, the market remains optimistic about the future emergence of a clear framework, which helps boost institutional participation.

**Key Levels to Watch**

Short-term support is around the new support/resistance turn at $95,000; medium-term support levels are at $92,000 and $90,000, which are old dense trading zones with stronger support. On the resistance side, the immediate target is $98,000 (the recent high), with a more critical psychological level at $100,000. Once the price effectively breaks through and stabilizes above $100,000, it signals more than just a rebound—it indicates a trend reversal to an upward trajectory.

**Trading Strategies**

Long positions: If the price pulls back to the $95,000-$96,000 range and remains stable, consider entering in stages. The first target is the psychological and technical resistance at $100,000; if broken, closely monitor the $105,000-$110,000 zone. When the price stabilizes above $100,000 with increased volume, gradually add to positions.

Risk management is crucial: set a stop-loss at $92,000. If the price falls below this level, it indicates weakening support, and timely stop-loss or profit-taking is necessary. Especially if sudden sentiment shifts occur—such as increased regulatory pressure or other negative news—manage your positions cautiously and avoid blindly chasing highs.