Wintermute: If BTC can hold above $90,000 this week and ETF inflows continue, the breakout trend is likely to continue

Foresight News reported that Wintermute stated in a post that bitcoin appears to be entering an upward channel after breaking out of the narrow trading range of the past 50 days. The market landscape changed last week. For the first time since November, bitcoin broke out of its range based on real capital flows (rather than leveraged trading). ETF demand has returned, the inflationary environment is favorable, and cryptocurrencies are starting to catch up with the overall rally in risk assets. Although Monday's sharp drop was severe, it was a healthy correction. Leverage was quickly cleared, and the market did not fall into a vicious cycle, which is a positive sign. The current question is whether the tariff dispute is merely "posturing" or will evolve into substantive policy. The market tends to believe the former. Since the beginning of the year, U.S. stocks and the dollar have continued to rise, and interest rates have not been repriced.

In the short term, attention should be paid to Tuesday's opening and Friday's PCE data. If bitcoin can hold above just over $90,000 this week and ETF inflows continue, the breakout trend is likely to continue; if subsequent sell-offs push it below $90,000, the range since November will once again become a resistance level. For now, buying power appears to be real.