Recently, there have been some changes in the market, and the previous bearish outlook needs to be adjusted.

To be honest, before this recent rally last night, we were still bearish. The reason is simple—multiple timeframes still show a bearish structure, and the resistance levels above have been tested many times without being broken, so the bearish view itself is valid.

But now the situation is different. In smaller timeframes, the bullish volume has clearly increased, and Ethereum has already completed a structural break. This kind of move has a significant impact on overall sentiment.

**For Bitcoin, the key level remains at 91,000**

We have been focusing on this horizontal resistance above the hourly chart. Last night, the price directly surged near 91,000, testing this level again.

This 91,000 is not just a random number. It is truly critical. Once the price effectively breaks above it, surpassing the resistance, then according to probability, the price is likely to continue testing the previous high of 94,000.

What if 94,000 is also broken? From a structural perspective, that would almost enter a phase of concentrated bearish liquidation, and the market could potentially see a relatively sustained rebound.

**What to watch next?**

Since last night, the bullish energy has been gradually accumulating, and the price has been repeatedly testing the resistance zone. The next two points to watch are: whether it can stabilize above 90,000 for consolidation; and whether it can effectively break through the 91,000 hurdle. Both points are very critical.