The recent Bitcoin market has shown an interesting phenomenon — the contrast between traditional financial institutions increasing their holdings and retail investors selling off. Financial giants like Wells Fargo continue to add to their BTC positions, and the signals behind this are worth pondering: large capital does not seem to be wavering on Bitcoin's long-term prospects.

From a macro perspective, the trend of Bitcoin gradually shifting from a speculative label to a strategic asset is becoming more evident. Some industry insiders believe that the United States may incorporate Bitcoin into its national strategic reserves in the future. If this happens, it will undoubtedly change the entire market landscape. This is not just a price issue but also about establishing Bitcoin's status as a sovereign-level asset.

On-chain data also tells a story. Large whale transfers and continuous accumulation, as well as movements by early miners, often appear at critical turning points in the market. Recently, a well-known industry figure mentioned that the crypto market might be entering a new "super cycle." Although short-term fluctuations caused by outflows from spot ETFs have occurred, these fluctuations are more like a bottoming process.

From Bitcoin's intrinsic properties, its scarcity and decentralization make it an important tool for hedging macroeconomic risks. In an era of increasing economic uncertainty, this becomes especially significant.

On the technical side, the current BTC price is around 90,498.0 USDT. Support levels are at 89,588.1, with additional support zones between 89,242.0 and 90,800.6. Resistance is at 91,425.1, with resistance zones between 90,708.0 and 91,999.0. If the price approaches support, consider positioning and setting a stop-loss if the support is broken. Combining market sentiment with technical analysis can lead to more robust trading decisions.