#数字资产市场动态 The hourly chart just hit 92208, repeatedly rubbing against the lower Bollinger Band — the bulls and bears are at an impasse, often a sign of a major move on the eve.

How to interpret the technicals? Three details worth monitoring: after the Bollinger Bands narrowed, the price fell below the lower band (92291), but the amplitude was only 0.32%, which is a typical shakeout, and the RSI has long entered the oversold zone. Second, although the MACD shows a bearish crossover below zero, with DIF and DEA both declining, the price has not broken the previous low at 92143 — once a second golden cross occurs, a rebound is imminent. Third, looking at the moving averages, EMA7 and EMA30 are clustered around 92500; once this zone is broken with volume, the short-term space opens up.

On-chain data is also speaking. Exchange net outflows have increased for three consecutive days, whales are accumulating heavily between 92000-92300, and a large number of bullish options (with a strike price of 95000 expiring at the end of February) are being accumulated in dark pools — a clear sign of institutional bottom positioning. Plus, liquidity is starting to seep from traditional markets into crypto, does this weaken the confidence of this rebound?

My approach is this: 92000 is a must-hold line; if broken, cut losses and wait. For more aggressive traders, consider building long positions in batches around 92200, with the first target at 93500 (overlapping the middle Bollinger Band and previous high), and once broken, aim for 94500. What signals am I waiting for? MACD’s green bars shrink and turn red, while volume can reach 1.5 times the average of yesterday’s volume.

The market loves to give money during panic, but only if you have a good bag — discipline is that bag. Whether we can hold 92000 before the US market opens, I will follow up in real-time with position adjustments in the community.