Can Bitcoin still be bought at a low? Is 86,000 considered a bottom? Questions like these are asked almost every day. Honestly, under the repeated policies of the Federal Reserve and the dual pressure of the Bank of Japan raising interest rates, blindly entering the market is no different from gambling. However, this doesn't mean we can just watch passively; the key is to find signals that truly guide trading decisions.

I’ve highlighted two "most practical" core indicators. As long as you keep an eye on these two, you can accurately judge the turning points in Bitcoin's market trend.

**The first is the bank reserve requirement ratio.** Many people are unfamiliar with this concept, but it’s actually the most direct "key" to assessing market liquidity. Banks are required to hold a certain proportion of funds at the central bank. A higher ratio means less money circulating in the market, while a lower ratio indicates ample liquidity. The current issue is that the US has added $700 billion in debt over the past three months, which directly drains active funds from the market. Interbank borrowing rates have been rising, and the reserve requirement ratio remains high. My judgment is: as long as the reserve ratio can decline for two consecutive weeks, it indicates that market liquidity is beginning to loosen, and institutional funds will start flowing into the crypto space, laying a foundation for Bitcoin’s rise.

**The second is the Federal Reserve's reverse repurchase agreement balance.** This might sound a bit complex, but from another perspective, it’s quite simple: reverse repurchase is like the Fed "sucking" liquidity out of the market. The larger the balance, the stronger the absorption; the smaller the balance, the weaker the absorption. Recently, this data has fallen to a low of $30.47 billion, which is indeed a positive signal, but further observation is needed.