#大户持仓动态 $BTC currently trades lightly, and short-term volatility has become the main theme—this situation may persist during the holiday period. Market depth is insufficient, so intraday fluctuations naturally increase. From a larger cycle perspective, the fundamentals of BTC have not changed. However, recently a 3-day bullish divergence has emerged, providing support for a potential rally in the coming weeks. Last night, within the 3-day divergence framework, a 4-hour divergence also appeared, indicating a higher certainty for entry.

On the data side, the monthly opening price is around 90,300, with the early-year price at approximately 94K, both of which are short-term strong resistance levels. Further up, 102,000 constitutes a macro-level resistance zone.

The dominance of USDT is also interesting—currently oscillating within the macro resistance zone of 6.50% to 6.70%. As long as this range is not broken and the 3-day divergence on the chart remains, the probability of an upward push in the short term looks higher. It’s worth noting that the index just formed a new 2-day bearish divergence last night, which often takes time to play out, so don’t be fooled by short-term fluctuations—but they do indicate that even if the macro structure is bearish, there is still a chance for a short-term upward push.

For USDT dominance, if it drops to lower levels, 5.90% is a key level, roughly corresponding to a scenario where BTC breaks through the 94K range.