Against the backdrop of an unstable global macro and geopolitical environment, the resilience of Bitcoin will continue to be tested. The escalating geopolitical tensions between India and Pakistan pose a risk of evolving into a full-scale conflict. Meanwhile, the Federal Reserve finds itself in a dilemma between employment and inflation and has no immediate intention of cutting interest rates. Although the Trump administration's tough rhetoric on tariffs has somewhat softened, the market is still awaiting a clear direction for its trade policy. Based on these factors, it is expected that Bitcoin is likely to continue to fluctuate within the range of $70,000 to $109,000 in the coming two months.
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