This rebound doesn't seem to be over yet. First, let's organize some more reliable signals.

Speaking of funds, over the past three days, BTC and ETH have been experiencing net inflows, not just inflows today and outflows tomorrow. Especially yesterday, IBIT injected $370 million, which is a three-month high. Institutional funds like these are generally long-term, unlike retail investors who are easily swayed by short-term emotions.

Looking at the trend structure, BTC retraced from the 94588 level, but as you can see on the daily chart, the current pattern is that both the highs and lows are moving upward. This is a typical rebound continuation rhythm, not a sign of a reversal weakening.

Another key point—support levels are very clear. During the retracement, keep an eye on the 90100 area, which was a long-term consolidation zone before. It can serve as both resistance and support. As long as this level holds, the overall trend remains upward.

Funds are in place, the pattern is in place, and support is in place—these three factors are aligned. Short-term fluctuations are normal, but from the current perspective, this round of rebound is far from over. Instead of guessing where the top might be, it's better to focus on whether each retracement can be supported.