The market's expectations for the Federal Reserve's interest rate cuts and the increased holdings by institutions have greatly boosted Bitcoin's attractiveness, helping it break through the 90,000 mark. Technical indicators are warming up, establishing a short-term rebound trend.

Technical aspects:

Daily: DIF is still below the zero axis, but the green bars have shortened for two consecutive days, indicating a weakening of bearish momentum.

4 Hours: Golden cross upward, red momentum bars expanding, bullish dominance.

Hourly: Golden cross upward, short-term bias towards bullish.

After returning to $90,000, the market is at a critical crossroads, with positive changes in capital and sentiment clashing with warning long-term technical indicators.

Pay close attention to the short-term resistance level at 92,000 and the support level at 85,500. A breakout or breakdown in price will become an important signal for short-term directional choice.

11.27日$BTC

Bitcoin: 91,300-90,800, target 92,000-92,500