The reason for Bitcoin's surge today has been identified. Will it continue to rise?

Bitcoin broke through the 80k mark today. I checked, and the main positive factors are these:

1. Top White House crypto advisor Patrick Witt recently published an article stating "The time to act has arrived," and shared a report indicating that the Senate Banking Committee has reached a consensus on the crypto market structure bill, planning to push for review in May. This is interpreted by the market as significant progress in the Trump administration's push for crypto-friendly regulation. Currently, the biggest positive news within the crypto community remains a clear bill.

2. Trump announced the "Freedom Plan," aimed at protecting neutral ships in the Strait of Hormuz, easing US-Iran tensions. This is considered a major positive concession outside of negotiations.

3. US military C17 transport aircraft are currently landing at Beijing Capital International Airport at a rate of one per day. Last night, two more C17s landed in Beijing. This is interpreted as the US preparing for Trump's visit to China on May 14. During these ten days, Trump is likely to stay low-profile, boost risk markets, and the rise in the crypto market is understandable.

4. Around the 80,000 level, a large number of short liquidation positions have accumulated in Bitcoin, and as the final push approaches, shorts are being squeezed and liquidated in a chain reaction. Institutions have strong motivation.

5. Last week, whales and ETFs bought large amounts of Bitcoin and Ethereum spot holdings. Institutions are steadily buying, boosting market confidence.

Therefore, today's Bitcoin rise is a multi-faceted breakout from macroeconomic, internal crypto, and technical perspectives!