According to CoinMeta, Bitcoin encountered resistance three times in the $87,000 range, and the total market value of cryptocurrencies fell back to around $2.93 trillion. The Nasdaq 100 index hit a new closing high, the S&P 500 index is less than 0.5% away from its historical high, and the yield on 10-year U.S. Treasury bonds rose to 5.32%. Analyst Alex Kuptsikevich stated that the BTC has formed a local low point that continues to rise in trend. Currently, the price is near the end of the triangle pattern, and breaking through this pattern will bring about greater volatility.