Bitcoin is currently in a critical policy window. The new regulatory framework for digital assets being advanced by the U.S. Congress is about to take shape. The core goal of this framework is to clarify the legal classification standards for tokens, thoroughly resolve the long-standing jurisdictional disputes between the SEC and CFTC, and open a federal-level management channel for innovative assets like stablecoins. Once these policies are definitively implemented, institutional-level funds are expected to accelerate significantly. Coupled with changes in the global monetary environment and the advancement of asset tokenization trends, Bitcoin’s role as the underlying infrastructure will be further strengthened, and its valuation logic will also be upgraded.

However, there is an interesting phenomenon— the market has already formed a collective expectation for the regulation to be finalized, even with a hint of FOMO. But caution is needed, as negotiations on specific provisions of the bill may involve back-and-forth, and some disputes over details could trigger short-term volatility and adjustments, which should not be overlooked.

From a technical perspective, Bitcoin is currently quoted at 92,283.6 USDT. The key support level below is at 90,968.0, which is a relatively close support zone. Additionally, the range from 90,790.1 to 91,111.9 is also worth paying attention to. The resistance level above is around 93,382.5, which could exert some pressure on subsequent upward movement.

Operationally, consider this approach: if the price pulls back near the support level, you might consider placing buy orders in this area, but be sure to cut losses promptly if the support is broken. Risks and opportunities often coexist, especially during periods of high policy expectations.