Bitcoin has already broken through 90,000 and is still continuing to rise, with a target of 95,000. From a technical perspective, the price is currently stuck near the upper edge of the large range between 84,000 and 94,000, with both upward and downward movements just a matter of a single thought.

The reason this rebound has lasted until today is quite clear—the inflow of institutional ETF funds has been increasing since January. Demand is rising, which is the most direct driving force. However, looking at historical trends, there have been previous ranges such as 94,000-89,000 and 90,000-86,000. Currently, the market is at a critical point and may face consolidation in the short term. So now is not the time for blind chasing.

The real variable this week is the non-farm payroll data. This data will play an important guiding role in the Federal Reserve's subsequent interest rate decisions and will directly influence institutional actions. After reviewing the data, institutions will either choose to take profits and exit or continue to add positions. These two scenarios will lead to very different outcomes—if institutions do not withdraw, the price is likely to break through the current resistance and continue testing the 96,000 and even 100,000 levels; conversely, if institutions start to exit, the price will have to return to the range and oscillate repeatedly. Therefore, this week's performance will be crucial.