#BTC的流动性状况 Bitcoin breaks through the 90,000 level and continues to surge, approaching 95,000. The current price hovers around the upper edge of the large range between 84,000 and 94,000, with institutional ETF funds continuously flowing in since January. This demand is the main driver of this rebound.

From the candlestick chart, there are also two historical range zones: 94,000-89,000 and 90,000-86,000. Currently near the upper boundary of the large range, short-term consolidation is inevitable, so this position is not suitable for blindly chasing longs.

The key upcoming event is the non-farm payrolls data release this week — it directly influences the Federal Reserve's interest rate policy judgment. The next move of institutional funds depends on this data. If major institutions continue to add positions without withdrawing, $BTC is expected to break through this resistance zone, continue testing 96,000, and even push towards the 100,000 mark. But if institutions start taking profits and exiting, the price will reverse and decline, oscillating within the range again. Therefore, the market direction this week depends on the data.