#美联储回购协议计划 Bitcoin has finally broken through 90,000 USD.

Yesterday, the market directly broke through the 90,000 mark, and the market heat has indeed increased. Many people did not anticipate this wave of momentum for $BTC, but looking back at the data, this event actually has traces to follow.

Since mid-November, Bitcoin has been oscillating between 82000 and 95000 for over a month. What does this long-term consolidation typically signify on a technical level? Energy is accumulating. The longer the consolidation period, the more powerful the subsequent directional breakout usually is.

$ETH
$DOGE
$ASTER

Let's take another look at a set of details from on-chain data. The price range from 84000 to 85600 is particularly interesting — according to on-chain heatmap data, approximately 970,000 Bitcoins have their holding costs distributed here. In other words, this range has become an important defensive position for institutions and large holders. As long as this line is not breached, the space below is basically locked, and the support strength is quite solid.

Current market sentiment is indeed at a high level. Every pullback is seen by market participants as a new opportunity to enter. However, this sentiment also implies: is it to continue maintaining this oscillating washout, or to truly break out and start a new round of upward movement? No one can be completely certain.

The price data is here, and the technical aspect is clearly written. In the end, it still depends on how the participants in the market understand this pattern. Those who are optimistic about a breakthrough and continuing to rise, and those who think the risks are still a bit large and want to wait, each have their own logic. What is your view on this trend now?