#加密市场行情分析 Bitcoin returns to $90,000, which looks lively, but I have to pour cold water on it — this rebound has no new catalysts supporting it, purely a technical short covering. $90,000 was once a clear resistance level, now it has become support. It sounds good, but the question is: how far can a technical rebound go without fundamental follow-up?

Throughout December, BTC fluctuated between 86,500 and 90,000 repeatedly, and ETF outflows exceeded $1 billion. This indicates that institutions are reducing their positions while prices rise. Factors like options expiration and altcoin momentum can support a few days of rally, but long-term prospects are unclear. I’ve seen too many such "technical rebounds" — they look grand, but often turn into a trap for further decline.

The key is to distinguish: is this a real breakout or a false rebound? Without new positive news, fresh capital inflows, or even large capital outflows, I won’t chase this kind of market. In fact, this is a position to be more cautious about, because high-level oscillations are the easiest to get trapped in. Instead of following the technicals blindly, it’s better to wait for clear trend signals before taking action. The secret to surviving in this market is to stay sober amidst the noise.