The January 13 daily candle wasn't just a rebound—it's a confirmation signal at the structural level.

Let's start with what the technicals say. After Bitcoin's earlier plunge, it followed a textbook pattern: trend exhaustion → convergence → upside breakout. The critical technical point is just one: 95000 was pierced with volume on the candle's body, and the close held firm.

What does this mean? The descending channel that suppressed price for over a month was directly broken through by a large bullish candle. This isn't a false breakout, not a wick spike—it's a genuine breakout confirmed by the close. Even more significant: this candle completed the breakout while sitting on an uptrend line—trend line confirmed, box breakout achieved, bears' final defense line completely breached. From a technical standpoint, this is no longer a question of "will it rise," but "how will it rise."

On the fundamentals? This candle didn't appear out of nowhere. Three recent factors are particularly critical.

First, ETF capital is flowing back in. The previous profit-taking and technical pullbacks have been digested, selling pressure is clearly weakening, institutions aren't chasing highs but are beginning to rebuild positions at structural levels.

Second, near-term pressure from the US dollar and Treasury yields is releasing. The factors that previously suppressed risk assets are becoming dulled, market risk appetite is warming up, and Bitcoin—as a high-beta asset—is the first to react.

Third, and most critical: 100000 has shifted from a "ceiling" to an "attraction point." With price long oscillating above 90000 yet never breaking the trend line, the essence is that major players were waiting for the "right moment to begin." January 13 was that point.