Can the big cake still rise? Let’s break down a few core factors behind this wave of gains in Bitcoin:
1️⃣ **Key progress on the U.S. strategic Bitcoin reserve legislation**. On August (?), the House Financial Services Committee passed H.R.8957, the “United States Reserve Modernization Act,” by a vote of 28 to 21. The bill would lock about 324,000 BTC held by the federal government for 20 years and prohibit selling, giving the market a “long-term reassurance”!
2️⃣ It’s **the SEC’s “innovation exemption” rule introduced on September 17**. It allows compliant platforms to conduct on-chain trading of tokenized stocks and provides a five-year regulatory exemption—widely viewed as a positive signal that regulators are proactively accelerating after the “Clarity Act” hit roadblocks, effectively offsetting legislative stagnation.
3️⃣ It’s continued improvement in the macro backdrop. A rebound in risk appetite as international oil prices fall helps ease inflation concerns. U.S. Treasury yields have declined, and inflows into Bitcoin spot ETFs have turned back to net positive. Together with improved expectations ahead of the September 24 China-U.S. summit, institutional capital appears to be rotating out of the AI sector and returning to the crypto market.
Technical view:
Bitcoin’s monthly support is holding, and there’s a bearish divergence on the weekly chart near the bottom. A second-wave rebound on the daily chart suggests it may further test the $90,000 level. However, the RSI in the short term has already entered overbought territory—chasing gains still requires attention to volatility risk!
$BTC
#BTC #SNDK永续 #BNB #ZEC突破1600美元创新高
1️⃣ **Key progress on the U.S. strategic Bitcoin reserve legislation**. On August (?), the House Financial Services Committee passed H.R.8957, the “United States Reserve Modernization Act,” by a vote of 28 to 21. The bill would lock about 324,000 BTC held by the federal government for 20 years and prohibit selling, giving the market a “long-term reassurance”!
2️⃣ It’s **the SEC’s “innovation exemption” rule introduced on September 17**. It allows compliant platforms to conduct on-chain trading of tokenized stocks and provides a five-year regulatory exemption—widely viewed as a positive signal that regulators are proactively accelerating after the “Clarity Act” hit roadblocks, effectively offsetting legislative stagnation.
3️⃣ It’s continued improvement in the macro backdrop. A rebound in risk appetite as international oil prices fall helps ease inflation concerns. U.S. Treasury yields have declined, and inflows into Bitcoin spot ETFs have turned back to net positive. Together with improved expectations ahead of the September 24 China-U.S. summit, institutional capital appears to be rotating out of the AI sector and returning to the crypto market.
Technical view:
Bitcoin’s monthly support is holding, and there’s a bearish divergence on the weekly chart near the bottom. A second-wave rebound on the daily chart suggests it may further test the $90,000 level. However, the RSI in the short term has already entered overbought territory—chasing gains still requires attention to volatility risk!
$BTC
#BTC #SNDK永续 #BNB #ZEC突破1600美元创新高
