Today's Bitcoin market shows characteristics of first suppressing then rising, with fluctuations in the range of 85000 to 91700. It ultimately stabilized at 91000, with a daily increase of 2.13%.

Xiao Xin's viewpoint:

Overall trend: The short-term cycle shows a bullish trend, with the daily K-line breaking through the EMA15 trend line at 90800, entering a short bullish phase. However, the overall EMA trend indicator still maintains a bearish sentiment, with northbound movements dominating during the day. There are continuous resistance levels above, so it's advisable to take profits when possible.

Technical indicators: MACD is expanding upwards, with DIF and DEA forming a bullish pattern; the Bollinger Bands are consolidating, with the K-line breaking through the middle band at 89500, and resistance at the upper band to watch at 94500; the four-hour K-line broke through the EMA120 trend line at 91500, with MACD's decrease in volume about to end and start expanding, and DIF and DEA are expected to form a golden cross after breaking through 92000.

Key price levels: Support levels to watch are 85000 USD (previous low) and 89500 USD (Bollinger Bands middle band), resistance levels to watch are 92600, 93600, 94200 (Fibonacci retracement levels), and 94500 USD (Bollinger Bands upper band).

This market fluctuation is influenced by uncertainties in the new U.S. government's cryptocurrency regulation policies and the year-end capital withdrawal from institutions. 85000 is a key psychological level for bulls, and if it breaks below or dips into the 78000 range.