This morning's surge is encouraging. Bitcoin has risen approximately 1.63% in the past 24 hours, not only reclaiming the 90,000 integer mark but also briefly touching above $91,000. Ethereum has performed even stronger, with a 24-hour increase of 2.25%, maintaining a price above $3,100.
However, amidst the upward trend, we need to maintain a calm observation. The trading volume of this surge has not shown explosive growth, and the market as a whole remains in a "breakthrough observation" state. The current rebound seems more like a technical correction of last week's oversold conditions rather than a complete trend reversal. After failing to challenge $94,000 last week, Bitcoin has actually been in a consolidation range between $88,000 and $89,000, with momentum weakened. Therefore, whether this morning's breakthrough can translate into a sustainable rise still requires further observation.
