$BTC continues to trade firmly within a well-defined bullish trend, supported by both favorable macroeconomic conditions and a strong technical structure.
From a macro standpoint, Bitcoin’s recent upside momentum was fueled by the latest U.S. Bureau of Labor Statistics data, which showed inflation remaining relatively stable. This has reinforced market expectations that the Federal Reserve could begin easing monetary policy later this year—an environment that typically benefits risk-on assets such as Bitcoin. Investor confidence is already reflecting this shift, with crypto-related equities responding positively. Coinbase shares advanced nearly 3%, while Strategy surged more than 6%, highlighting renewed capital inflows into the sector.
Technically, BTCUSDT remains comfortably positioned within an ascending channel on the 12-hour timeframe. The market continues to print higher highs and higher lows, confirming sustained bullish control. Recent pullbacks appear healthy and corrective, serving to reset momentum rather than signaling any structural weakness.
The 92,500 USDT region has emerged as a critical support zone. As long as price maintains acceptance above this level, the bullish outlook remains intact. A continuation move toward 98,300 USDT is favored, with the psychological 100,000 USDT mark increasingly coming into focus as a potential short-term objective.
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