#主流金融机构布局加密 New Year’s rebound signals are indeed worth tracking. After BTC successfully established support around 88,000 USD, it quickly recovered to above 92,000 USD within a week. The on-chain logic behind this is quite clear— in a low liquidity environment, institutional spot ETF funds are quietly flowing back, and sentiment has shifted from extreme panic to cautious optimism.

From a technical perspective, the RSI approaching oversold conditions already hints at a potential rebound, plus the 100-hour moving average maintaining a bullish structure. The next key resistance level to watch is at 95,000 USD. More interestingly, the macro environment has changed—slowing inflation combined with the resilience of the US economy has reactivated demand for risk assets.

The key change lies in the market structure itself. Although the 2025 halving cycle has not yet erupted as expected, participants have shifted from retail dominance to institutional core, which means subsequent volatility will be more rational and liquidity more stable. I am continuously monitoring the expansion of stablecoins linked to US Treasuries, as this is an important channel for international funds to flow back in.

In the short term, holding the support level at 91,500 USD is crucial. If it breaks, it will test lower supports; conversely, a move towards the 120,000-150,000 USD range in Q1 will become clearer. This week, attention should also be paid to US employment data, as volatility may increase accordingly.