Bitcoin rebounded from $80,600 to $91,800, with buying pressure clearly strengthening. The market generally believes that if the Fed really cuts interest rates in December, this type of risk asset will typically continue to strengthen. Currently, the probability of a rate cut is as high as 85%, which is certainly favourable information for Bitcoin. Meanwhile, the U.S. Bitcoin spot ETF has also seen a resurgence of capital inflow in the past two days, exceeding $150 million, with BlackRock's IBIT accounting for $125 million. Institutional inflow usually means that the trend may rise again.

Multiple analysts have also provided bullish views: the market shows a "hidden bullish divergence," suggesting that the upward trend of Bitcoin continues. The support at $84,570 must be maintained to avoid another deep decline. If the support holds, coupled with the fact that December has historically been a good month for Bitcoin, there is indeed a chance to challenge $110,000 or even higher again.