The technical and capital battles behind Bitcoin breaking through the 90,000 mark

Strong Technical Breakthrough Signals 📈

Looking at the 45-minute candlestick chart, Bitcoin’s recent rally is no coincidence. The moving average system has formed a perfect bullish alignment, with EMA20 and EMA50 crossing to form a golden cross, and simultaneously EMA24 crossing above EMA52. These dual signals suggest that a medium- to long-term upward trend is brewing. More notably, the price has consistently remained above MA5, MA10, MA20, MA50, and EMA series moving averages, indicating an overall very healthy structure.

The Bollinger Bands indicator also reveals strong momentum—BTC has been running along the upper band, demonstrating market strength. However, both KDJ and RSI have entered overbought zones, with the J value at an extremely high level, indicating short-term correction pressure. Investors should remain alert.

Volume and OBV Indicators Confirm Buying Dominance

The most impressive aspect of this rally is the surge in trading volume. The volume has skyrocketed by 468.13% compared to the average of the past 10 periods, far exceeding expectations, fully reflecting active buying interest in the market. The OBV indicator has also broken through previous highs, a key technical signal confirming the continued strengthening of buying power—both short-term and long-term moving averages are aligned bullishly, continuously releasing upward signals.

Timeline Analysis: Precise Entry of Funds ⏰

• 22:47 – Market activation, supported by expectations of policy easing, BTC surged from about $87,100 to $89,345 (2.58% increase)
• 22:47 to 23:07 – Capital continued to flow in, pushing the price from $89,471 further up to $90,363
• 23:24 – Profit-taking emerged, with the price retracing to $89,722, entering a high-level consolidation phase

Macro Background: Policy Easing Fuels the Rally 🔍

Recently, the US has frequently signaled rate cuts and monetary easing, significantly lowering the opportunity cost of traditional investments. This policy environment has stimulated institutional and retail enthusiasm for allocation, continuously injecting liquidity into the crypto market, becoming a key driver of this upward push.

Institutional Capital Restructuring: Large Transactions Frequent

During the active market period, large cross-platform fund transfers and whale operations occurred frequently. Institutions are strategically reallocating their asset positions. The net inflow of major funds reached nearly $100 million, with total order volume on the network hitting $8 million (with short positions accounting for 89%). These data clearly indicate that institutions are actively following the current trend and have made forward-looking deployments.

Market Outlook: Beware of Overbought Conditions, Seize the Trend 🌟

In the short term, vigorous capital inflows have indeed driven up BTC’s valuation, but overbought warnings are now present. Extreme values in KDJ and RSI suggest a possible short-term correction. Investors should closely monitor these indicators.

However, from a medium- to long-term perspective, continuous institutional involvement, the solid golden cross of moving averages, and expectations of macro policy easing all provide strong support for further gains. If these positive signals can be sustained, BTC may initiate a new wave of strong upward momentum.

Current market sentiment and technical indicators both point to active capital and an upward trend. Investors are advised to seize medium- to long-term bull market opportunities while remaining cautious of short-term volatility. A prudent approach would be to adopt a phased accumulation strategy, gradually increasing positions to avoid heavy exposure in one go, thus managing potential market adjustments and risks.