Bitcoin has been performing solidly today. Last night it was hovering around 87,900, but after the US stock market opened (during that 22:30 wave), it received strong funding support, and the short-term resistance level of 89,000 was taken out just like that.

From the lowest point of 84,500 on the 19th to the current performance, a standard V-shaped reversal is right in front of us. This is not just a false alarm; the volume indicates that there are indeed buyers stepping in. The key is that the price is now steadily standing above 89,000, and the consolidation phase during those weekend days has completely turned the page, with the bulls regaining control.

The current situation is actually quite clear—US stocks are performing well, which has injected some risk appetite into the crypto market. The short-term target is aimed at 90,500, which is a watershed position. As long as it doesn't fall back below 88,500 tonight, the logic of this upward trend still holds.

That said, this rebound is not just a rebound, it is a solid offensive. The volume is matched, and the pattern is established, the intentions of the bulls are very clear. The key still lies in whether it can hold above 90,500 - once this level is broken, the next space will be opened.