Market Trend Analysis: Focus on Dimensions Tonight

Tonight's market observation needs to focus particularly on three decisive factors, which together constitute the intrinsic driving forces of price changes:

1. Large Capital Flow Monitoring Alert:
Special caution is required for large transfers of over 5,000 Bitcoins to exchanges. Such significant capital migrations often indicate that large asset holders may be preparing to liquidate, which constitutes a potential selling pressure signal that cannot be ignored in the market.

2. Interpretation of Central Bank Policy Orientation:
Chairman Powell's upcoming remarks deserve considerable attention. Whether the term "rate cut" appears in the speech will become a key indicator for assessing the direction of policy. The market is extremely sensitive to this, and the mention of this term could lead to a swift retreat of short sellers and trigger a significant price rebound.

3. Volume and Price Correlation Verification:
If the price attempts to break through the resistance level of $106,800, the technical requirements must have sufficient momentum support—specifically, a minimum actual trading volume of $850 million is needed as a foundation. A price breakout lacking corresponding trading volume is likely to be an unsustainable false breakout signal.

The core logic of the market trend tonight will revolve around the competition of three forces: the supply pressure generated by large traders' behavior, the changes in macro sentiment triggered by central bank statements, and the substantial buying power required to challenge key price levels. Investors should maintain a clear judgment and rationally analyze the authenticity and importance of various market signals.