Bill "Brake", Market "Shift", Bitcoin Breaks Through 100,000 USD High-Level Battle

Let's start with the current situation～
Bitcoin stubbornly broke through the $94,200 barrier, once reaching nearly $97,500, now hovering around $96,000-$97,000. The altcoins are even more vigorous, with the first time this year surpassing $3,380, leading the rally.
Why did it suddenly rise?
1. Macro factors give a boost: The latest US inflation data (CPI) finally cooled down, and the market believes that rate cuts in 2026 are still possible. For risk-sensitive assets like crypto, this is definitely a strong confidence boost.
2. Big funds are quietly buying: Despite the market fluctuations, ETF inflows this week were substantial (about $1.2 billion). This indicates that institutional giants haven't stopped and are still accumulating at the bottom～
3. "Good news" from regulation: The US suddenly introduced a draft bill called "CLARITY," aiming to regulate cryptocurrencies. Once the market heard that "things might become clearer," sentiment surged, and BTC broke through a key resistance level, also smashing a bunch of short contracts (about $700 million). This is called "short squeeze," fueling the rally even more.
But! Don't celebrate too early, there's a "pit" ahead:
That exciting "CLARITY" bill hit a snag! Some clauses in the draft (such as requiring DeFi to record user information) are highly controversial, even Coinbase's CEO publicly opposed it, and the scheduled vote was canceled.
What does this mean? Simply put, the expected "regulatory positive" is temporarily off the table. The market, like after a sprint, needs to catch its breath. In the next few days, it may enter a high-level consolidation phase to digest this news.
What to watch in the coming days?
Bitcoin's stance: Can it hold above $97,000? Or will it be pushed back to $95,000 or lower? This is the key to short-term strength or weakness.
Market sentiment: Check every morning whether US Bitcoin ETF flows are net inflows or outflows—that reflects real money attitude.
Follow-up on the bill: Will the bill be amended or reintroduced? Any new news could trigger volatility.
Remember two key numbers:
On the upside, $100,000 is the next psychological barrier;
On the downside, $94,200 is an important support. If broken, a further adjustment may be needed.
Overall, the market just rode a wave of positive news, but the momentum from these positives is fading. So, in the next few days, high-level consolidation is likely, with bulls and bears testing each other. The trend won't go straight up; it will be more tangled.