U.S. stocks opened slightly higher across the board, with the Dow, S&P 500, and Nasdaq all closing in the green. The chip sector saw a collective rise, and Broadcom extending its cooperation agreement with Apple until 2031 further boosted supply chain confidence. The Nasdaq Golden Dragon China Index also moved up simultaneously. Overall market risk appetite for tech stocks has warmed up, which will provide positive emotional support for Bitcoin in the short term.

The Nasdaq, as a bellwether for tech assets, has strengthened, and funds are flowing back into high-volatility growth categories. Bitcoin will also follow the broader market with a short-term linked rebound.
However, the driving force of this positive news is relatively limited. U.S. stocks only opened slightly and moderately higher, lacking the momentum for a unilateral rally. At the same time, the dollar and U.S. Treasury yields have not significantly declined, and the core logic of interest rates suppressing the crypto market has not changed. Relying solely on the recovery of U.S. stock market sentiment makes it difficult for Bitcoin to break through key resistance levels with volume.
Looking at the market, Bitcoin is likely to follow the Nasdaq with a small rebound, testing the $63,800-$64,200 range. It is still prone to a rally that loses steam, making it difficult to directly reverse the current high-range consolidation pattern. In terms of operations, it is still not recommended to chase highs. Focus on observing the strength of the breakout at resistance levels and make corresponding risk control plans in advance.
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