Bitunix Analyst: BTC's Breakthrough Followed by Retreat May Form False Breakout, Short-term Focus on Support at 90,000–91,000 and Resistance at 93,200

Cryptocurrency market sees a general rise, with BTC briefly breaking $93,000 but then retracting, showing signs of a possible false breakout. Short-term outlook shifts to a oscillating pullback, with attention on whether stability can be maintained in the $90,000–91,000 range, while $93,200 becomes a new resistance level. In terms of ETF funds, BTC recorded a net inflow of $58.5 million and ETH a net outflow of $9.9 million yesterday, indicating increased focus on Bitcoin, while Ethereum continues to see mild outflows. On a macro level, Trump reinforces control over Fed personnel, hinting at a potential rate-cut advocate as the new chair. This could lead to a more uncertain policy outlook in 2025–2026, with the possibility of a volatile USD rate curve. Geopolitically, Trump signals military action against drug trafficking groups in countries like Venezuela and Colombia, sparking concerns of risk asset volatility. Bitunix analyst notes that amidst macro changes, geopolitical risks, and ETF fund divergence, the short-term crypto market trend will rely more on technical signals. BTC's ability to hold strong in the $90,000–91,000 range will determine if it can reach the $93,200 liquidation zone; otherwise, a deeper pullback may occur. Monitoring fund flows, volatility, and policy adjustments is crucial to assess the sustainability of this breakthrough.

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