Bitcoin Nears $100,000, Market Sensitive to US-China Trade Negotiations

As Bitcoin approaches the $100,000 mark, US-China trade negotiations are drawing attention. Currently, Bitcoin is trading around $99,000, approaching a major resistance level. Bitcoin has risen 3% daily and 5% weekly, showing stability in the derivatives market. According to CoinGlass data, liquidation volume decreased by 7% in 24 hours to around $30 billion, with most being short position liquidations. Based on CoinGecko, Bitcoin's market share is 62%, and overall market sentiment has shifted to the 'greed' stage, showing a clear change in investment sentiment compared to last week. Recent Bitcoin price movements are significantly influenced by macroeconomic events. As previously reported, US and Chinese delegations are set to meet this weekend to negotiate and resolve trade conflicts, including recent tariff threats. Additionally, the US Federal Reserve (Fed) has maintained interest rates at 4.25-4.5%. Bitcoin temporarily dropped on this news but recovered losses as the market stabilized. The S&P 500 index closed higher for the first time in three days, with investors generally viewing the decision positively.