The most worth pondering about this rebound is not "how much it has risen," but that the market is starting to show a familiar combination:
Prices are going up, but funds are still observing.
Currently, BTC has returned to around $86,000, once approaching $87,000 intraday. More importantly, spot ETF funds have recently maintained net inflows, indicating that institutional funds have not completely exited due to previous fluctuations.
But problems have also arisen.
Friday is the non-farm payrolls release.
BTC now seems to be standing at a position waiting for confirmation.
On the upside, watch around $87,000, which is a relatively direct short-term resistance area.
On the downside, pay attention to around $85,000; if volume does not significantly increase on a pullback, it suggests the market may still be in a waiting state.
What’s truly worth watching is whether ETF funds and spot prices can continue to coordinate.
If funds keep flowing in but prices still cannot break through key levels, the market will show a very interesting contradiction:
Money has already come in, but prices are still waiting for a reason.
That reason might be the non-farm payrolls after tonight.
So don’t just focus on BTC’s candlesticks going forward.
The ETF has already given part of the answer; the rest depends on whether macro data can truly push the market out of its current range.
$BTC#BTC、ETH现货ETF同步转流出，资金热度降温
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