The Chinese yuan has appreciated to 7.043 per U.S. dollar, marking its highest level since October 8, 2025. This strengthening of the yuan may influence bitcoin prices through macroeconomic and forex channels. A stronger yuan could lead to increased economic stimulus in China, potentially benefiting risk assets such as cryptocurrencies. Additionally, the People's Bank of China's actions in response to yuan gains might weaken the U.S. dollar, creating favorable conditions for bitcoin to approach a new support and resistance zone.