Bitcoin’s surge last night was intense, shooting straight up to $92,000! Watching those account numbers jump—doesn’t it make you both excited and a bit anxious?

Let’s look at some major news:

The world’s second-largest asset management firm has finally given in and opened Bitcoin ETF access to 8 million clients. These traditional financial giants have always been cautious, so even they jumping in signals a real shift in sentiment. Meanwhile, that US president is hinting again—considering swapping in a more crypto-friendly Fed chair, and rate cut expectations are becoming more realistic. Plus, the Fed just announced the end of quantitative tightening. Although it’ll take time to filter through, the market is already front-running the move.

Now, let’s check the technicals:

On the 1-hour MACD, we’re still hovering above the zero line, but the white and yellow lines are starting to cross down—this suggests short-term momentum is fading. Still, trading volume has genuinely increased, so at least it’s not just a bear trap.

Remember these key levels: On the upside, 94,601 is the first hurdle, and there’s even heavier resistance at 97,226—expect some profit-taking there. On the downside, 90,034 is today’s lifeline. If it breaks, watch to see if 87,461 can hold.

My take?

Momentum should carry through today and tomorrow, so 94,601 will likely be tested, but taking out 97,226 in one go will be tough.