BTC just punched into the 92-96k supply zone (~94.1k high). Historically that band either caps rallies or sets the stage for a multi-buy base; current order-flow (firm spot bids, tame perps) hints at the latter. Macro breeze is friendly: US president called the 145 % China tariff “very high” and primed for cuts, Treasury says the deadlock “won’t last,” and Powell’s job looks safe. Gold eased, A-shares and crypto caught bids. If this holds, today’s altitude feels more like a launchpad than a ceiling.