#比特币现货ETF资金流动 Seeing Bitcoin re-establish above $90,000 and spot ETF funds beginning to flow back, my first reaction isn't excitement but caution. This rebound pattern feels very familiar—each major dip is followed by a recovery that triggers a wave of emotional reversal, jumping straight from panic to "cautious optimism." The question is, what is this "optimism" based on? The news mentions institutional funds rebalancing for the new fiscal year, and the expansion of stablecoins being seen as a channel for international funds to re-enter. It sounds promising, but I’ve had too many falls in this market to be easily convinced. Institutional allocations ≠ market bottom confirmation, and ETF fund inflows don’t necessarily mean long-term confidence—these could all be short-term liquidity repairs. The fact that the 2025 halving rally didn’t erupt as expected is crucial. The market has already digested a lot of expectations; this current rebound is more about technical correction and emotional recovery. I don’t deny that $91,500 could serve as support, but don’t be fooled by predictions like "Q1 will hit a new all-time high." Such forecasts are made every year, and very few actually materialize. If you want to participate in this rebound, remember one thing: keep a close eye on the flow of funds in spot ETFs, but don’t treat it as a certainty of price increase. Managing phased positions and strict stop-losses are more important than predicting target prices. Those who have been in the game long on-chain don’t bet everything on a single move—they find a balance between certainty and uncertainty.

"1.22 Market Analysis: Choose to pull back at the point where it should go down the most, then continue holding positions" Last night's market once again chose to consolidate, responding to yesterday's low of 87,800 by breaking below and then pulling back. Many people's positions were scared out, only to be pulled back up—that's exactly the effect of consolidation. How to change the trend? I posted about this yesterday; only a series of daily bearish candles will do. So yesterday, the best move was to choose a pullback at the point where it should go down, and there's nothing else to say. Recently, it will pull back to 91,000 before entering a narrow range of oscillation. We can continue holding the long positions built on the left side. $BTC Bitcoin support today is at 88,400. If the 1-hour closing price is above 91,300, it may enter the next oscillation range. So as long as this rebound reaches this level this week, next week can enter a narrow range, laying the foundation for the trend upward in early February. Therefore, a pullback to 91,000 and oscillation is a big victory. Pay attention to this area! $SOL Satoshi was the only true man yesterday—tough indeed. We look forward to his performance later. Support is at 127, and if the 4-hour closing price is above 133.7, further upward movement is expected. $ETH Ethereum support is at 2940, with resistance at 3135. If the hourly close is above this level, further gains are possible. So we can only wait patiently! In summary, yesterday's market chose to pull back at the point where it should go down the most, so there won't be another chance to go down afterward. Therefore, we continue to hold positions. As long as we scare out all the bulls, the final victory will belong to us. If you don't understand the market or can't grasp the direction, welcome to join the Chief. Click to join the Chief's community (Follow the Chief for daily latest market analysis and precise entry points; long and short positions are for reference only. Strict stop-loss and take-profit).