SpaceX's early morning gains expanded to 8%, reflecting the current market's overall risk appetite continuing to warm up, with funds willing to allocate to high-volatility growth assets. This optimism will provide short-term support to the crypto market, easing Bitcoin's pullback pressure and continuing the current oversold recovery trend; at the same time, the market is hotly speculating on the aerospace technology sector, and investors' acceptance of innovative assets is increasing. A small amount of short-term speculative funds will flow into the crypto space, providing slight buying support for Bitcoin.

However, overall, this news has limited positive impact on BTC, and there is obvious capital outflow suppression. A large influx of new funds is rushing into U.S. stocks' new stock theme speculation, shifting away from the crypto market to the stock market, resulting in Bitcoin lacking large, sustained incremental inflows. The height of this rebound will be constrained. Currently, institutional funds prefer technology companies with physical operations and long-term revenue expectations. Their willingness to allocate to interest-free digital assets like Bitcoin is relatively weak, making it difficult to rely on this wave of U.S. stock market rally to produce a unilateral upward trend.
The subsequent key turning point for the market still depends on the Federal Reserve's statement at tonight's interest rate meeting. The speculation on U.S. stock themes can only cause short-term emotional disturbances and cannot change Bitcoin's medium-term oscillation $BTC pattern.