Recently, Bitcoin's performance is indeed worth paying attention to. Yesterday, the three major US stock indices all declined, while Bitcoin rebounded, marking the second consecutive day of negative correlation with US stocks. It appears that funds are clearly shifting from traditional stock markets to the crypto market.

From institutional activity, on Tuesday, the net inflow of institutional investments into spot Bitcoin and Ethereum in the US reached 8,529 coins, the highest single-day net inflow since October 2025. Large-scale institutional buying is becoming the core driving force behind this rally.

On the technical side, after days of consolidation, Bitcoin's rebound has finally begun. The price has risen to around $97,800, with the second wave of the rebound largely fulfilled. The current short-term resistance is concentrated between $98,000 and $100,000. If continuing to go long, consider reducing positions; the current strategy leans towards mainly shorting at high levels.

Looking upward, the third target range is set between $103,000 and $106,000. Whether it can break through this zone depends critically on Bitcoin forming a stable bottom between $92,500 and $94,500. According to wave analysis, Wave B rebound is likely to end around $100,000 to $105,000, which will be a larger trend opportunity phase.

Ethereum's performance still closely follows Bitcoin. The second rebound target is between $3,500 and $3,600, with a third target range between $3,800 and $4,100. Currently, it is recommended to operate according to Bitcoin's rhythm for more stability.