#数字货币市场回升 The plot twist came too suddenly! $BTC $ETH

After being shunned by funds for several weeks, the Bitcoin spot ETF suddenly made a comeback on November 28th, with a net inflow of $71.37 million in a single day, marking the third consecutive day of positive inflows. Stimulated by this wave of capital returning, the BTC price stabilized around $91,200, rising 0.72% in 24 hours. The market atmosphere instantly shifted from quiet to lively.

Interestingly, there has been a clear divergence among institutions. BlackRock's IBIT saw an outflow of over $100 million on the same day, while ARKB received $88 million and Fidelity's FBTC took in $77.5 million, indicating that buying power is clearly regrouping. More importantly, the Coinbase premium index has ended a prolonged 22-day period of negative values, which means that selling pressure from the US has visibly decreased—this signal is quite significant.

From the chart, the hourly MACD has just formed a golden cross, and the RSI has climbed to 65, indicating that bullish momentum is gathering. After BTC pulled up from the deep pit of 81000 dollars in a V-shape, short-term support is likely to fall in the range of 89000 to 90000. If it can break through the hurdle of 91500 dollars, the next stop could be 93500 dollars.

There have also been quite a few actions at the institutional level. BlackRock's IBIT holdings have returned to a floating profit of 3.2 billion USD, and Nasdaq has proposed significantly relaxing the position limits on IBIT options—market participants interpret this as a signal of a warming regulatory attitude. Additionally, as expectations for interest rate cuts by the Federal Reserve rise, the anticipated liquidity easing is fueling the cryptocurrency market.

Of course, we have to pour some cold water on this: the short-term RSI is close to the overbought zone and may pull back at any time. However, with the inflow of ETF funds and the technical golden cross, the certainty of this rebound is much stronger than before.

How far do you think this breakthrough can go? Is it the start of a real bull market, or just a temporary pullback?