Bitcoin paused at $104,000 following rapid gains spurred by a US-China trade deal that led to significant movements in major assets. The agreement to cut trade tariffs boosted stocks, with the S&P 500 and Nasdaq rising around 3% and the US dollar index reaching a one-month high. Traders are eyeing a potential retest target at $102,000, given increased nearby liquidity in the BTC order book. Analysts note these moments of market reaction often signal new all-time highs. After consolidating, BTC/USD appears to be successfully retesting the 50-week exponential moving average, a pattern historically preceding further price surges. Additionally, sentiment surrounding trade developments suggests optimism for Bitcoin as it navigates through a crucial market phase. While gold experienced a decline, Bitcoin's positioning indicates resilience amidst macroeconomic shifts.

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