RadexMarkets瑞德克斯:比特币重回9万美元 美国交易时段风险犹存

Core Viewpoint - The cryptocurrency market is experiencing a bullish trend, with Bitcoin successfully reclaiming the critical $90,000 level, although traders should remain cautious of potential price volatility as the U.S. trading session approaches [1][2][3]. Market Dynamics - Bitcoin demonstrated strong upward momentum during the Asian and European trading sessions, rising from $88,000 to above $90,000 [1][2]. - A recurring pattern of "Asian support, U.S. sell-off" has become a focal point for market observers, indicating potential price fluctuations as the U.S. market opens [1][3]. Trading Behavior - Historical trends show that Bitcoin tends to perform well during non-U.S. trading hours but often experiences significant pullbacks during the New York trading session due to profit-taking and hedging strategies [3][4]. - Previous attempts to breach the $90,000 mark have resulted in substantial volatility, leading to hundreds of millions in liquidations, creating a sense of pressure among investors at current high levels [3][4]. Derivatives Market - The open interest in Bitcoin futures has surged to nearly $60 billion across major exchanges, including Binance, CME, and Bybit, indicating a significant influx of leveraged funds rather than mere short covering [2][3]. - This high-leverage environment poses risks, as a lack of timely spot demand could render the market exceptionally fragile [2][3]. Future Outlook - Investors should closely monitor the support strength at the $90,000 level. If Bitcoin can maintain stability after the U.S. market opens, the leverage effect may convert into upward momentum [4]. - Conversely, if momentum wanes, the concentration of long positions could trigger a cascade of liquidations, necessitating caution among investors [4].