#比特币技术面分析 Seeing Bitcoin remain steady at $90,000 amidst Venezuela's geopolitical crisis, several historical nodes come to mind.

Before the 2017 bull run, the market also reacted to various negative news with short-term volatility—brief fluctuations followed by continued upward movement. At that time, many people were still debating regulations and policies, but the prices had already been priced in. This time seems to follow the same logic. BTC breaking below $90,000 is just a temporary test; it quickly rebounds. What does this indicate? It shows that there is already sufficient buying interest below this price level.

From a technical perspective, maintaining above the 21-day moving average is crucial. At the end of 2015, during the bear market, I realized the bottom was near when I saw the moving average system gradually flattening. The current situation is the opposite—short-term support is fully maintained, which usually means the medium-term trend will continue.

What’s truly interesting is that risk assets haven't fallen much under geopolitical shocks, which was almost unimaginable ten years ago. What does this imply? It indicates that Bitcoin’s asset properties have changed; it is no longer a niche speculative asset easily swayed by emotions. Institutional holdings, derivatives depth, global liquidity—these fundamentals are now sufficiently solid.

There will be noise in the short term; OPEC meetings and various political risks will certainly cause fluctuations, but the underlying logic remains unchanged. This is the biggest realization after observing several cycles—true trends cannot be destroyed by one or two news events.