Based on the following analysis, I believe Bitcoin may break 120,000 this week.

Don't just look at the ups and downs, this set of data is the core logic of the bullish trend.
The significance of the Kuala Lumpur consultations goes far beyond just a "tariff suspension"—combined with the latest data from CME, the probability of the Federal Reserve lowering interest rates by 25 basis points in October has soared to 98.3%, and the cumulative probability of a 50 basis point cut in December is as high as 95.5%. This combination of "economic and trade easing + monetary easing" precisely strikes at the Achilles' heel of the cryptocurrency market:
1 BTC's dual attribute explosion: As a risk asset, it benefits from the recovery of global risk appetite (the easing of China-U.S. trade tensions directly reduces market uncertainty); as an anti-inflation target, it can also absorb the liquidity overflow under the expectation of interest rate cuts.
2 ETH's linkage and independent market: The breakthrough of 4200 dollars is not only a follow-up but also stems from the fundamental support of an 18% month-on-month increase in Layer2 ecological locked positions, which has simply been amplified by favorable macro conditions. It should be noted that the current correlation between BTC and the S&P 500 has dropped to 0.26, with volatility approaching that of tech stocks like Nvidia, which means it can enjoy the rising dividends of the traditional market while gradually shedding the label of being a "satellite of U.S. stocks."

Future trend prediction: short-term view at 120,000, mid-term view at two key nodes.
Short-term (1-2 weeks): Driven by liquidity, BTC is likely to hit 120,000 USD, but there is historical resistance from 2021 in the range of 118,000-120,000, and after reaching a high, a pullback of 5%-8% may occur.
Medium term (1-3 months): The core focuses on two signals:
①Does the details of the suspension of tariffs between China and the US include technology products (affecting the mining machine supply chain);
② Can the US "GENIUS Act" be implemented (which will determine the speed at which traditional financial institutions enter the market)? If both are implemented, BTC is expected to stabilize at 130,000; if not, a pullback to 100,000 is highly likely.