#以太坊大户持仓变化 Bitcoin hourly chart has shown some interesting signals recently. It looks calm on the surface, but directional opportunities may be brewing underneath.

From the candlestick chart, BTC just closed at 91104.1. The Bollinger Bands are now extremely tight — upper band at 91723.6, lower band at 89796.4, with volatility hitting a new weekly low. What does this squeeze signal technically? Usually it's a sign before a trend reversal. On the MACD side, DIF value is 28.2, DEA value is 50.4, and the two lines are nearly stuck together about to form a death cross. However, there's a detail here — the bearish momentum is actually already exhausting. Trading volume has shrunk to 683, with a clear reluctance to sell in the market. Contracting volume often correlates with accumulation before a one-sided move.

Key levels to remember: 91700 above is the breakout point. If it breaks through here, the next target could reach 92500; the defensive line below is at 90500. If this line holds, the bullish foundation remains intact.

On-chain data also shows signals. Over the past 24 hours, whale addresses have accumulated a net 5200 BTC — quite a significant move. Exchange balances have now fallen to a 3-year low, and miner outflows have dropped 30% — this suggests major holders are quietly accumulating, and selling pressure in the market has essentially dried up. Hash rate simultaneously hit a new high, indicating a healthy network state with strong fundamental support.

News-wise, there's been some stimulation recently. The Fed's signal last night leaned toward "moderate quantitative tightening," which moved risk assets. Bitcoin ETFs have seen net inflows exceeding 1.2 billion dollars for 5 consecutive days, with institutions scrambling to buy. The regulatory cloud is also dispersing, and market sentiment index has gradually shifted from fear to greed — quite interesting timing.

Comprehensively speaking, signals across these dimensions are pointing in the same direction. Looking back through historical data, Bitcoin has shown this "contraction-explosion" structure about 13 times before, with 11 of those being upside breakouts — the probability is quite high. In the short term, I believe the breakout probability exceeds 80%.

If I were to give target levels: short-term looking at 93000, mid-term possibly reaching 95000. Risk control line set at 89800 (around the Bollinger lower band). In a bull market, every pullback could be an entry opportunity, but the prerequisite is to have rhythm and position management — recommend scaling in gradually, and stop losses must be set. Watch closely for volume expansion signals on the hourly chart. Once 91700 breaks with volume, consider adding positions; if no breakout, continue observing.

Bull markets aren't suitable for guessing the top. Those who follow the momentum tend to profit. During this recent period, BTC may see a key wave move. Missing it means waiting for the next opportunity.