Improvements in technology boost expectations for the recovery of cryptocurrency assets, and Bitcoin is brewing a new round of continuous recovery trend.

After experiencing six months of repeated shocks and market skepticism, Bitcoin is gradually showing signs of transitioning from short-term trading opportunities to a medium-term uptrend. Multiple market signals indicate that cryptocurrencies are brewing a more sustainable recovery trend. Currently, the price of Bitcoin hovers around $96,000, rebounding by about 15% from the temporary low point in November last year. Unlike previous short-lived rebounds, this round of gains is supported more by improvements in technical structure rather than pure emotion or momentum. The price has re-crossed key moving averages, trend lines are beginning to repair upwards, and each pullback shows stable buying support. Despite ongoing short-term volatility, the overall technical outlook suggests a solid foundation for this round of trend. In the past few months, many analysts attributed the weak performance of cryptocurrencies to the relative strength of traditional safe-haven assets such as gold and silver, believing that cryptocurrencies could only catch a break once precious metals retraced. However, market dynamics do not always strictly adhere to "mean reversion." Recently, Bitcoin and other major tokens have gradually shown independent momentum, indicating that their rally is not just a result of rotation between different assets. In other words, Bitcoin and precious metals do not necessarily move inversely, as both types of assets could potentially rise simultaneously; even if precious metals experience a temporary decline, it could bring new incremental funds to the crypto market. Market analysis points out that as Bitcoin approaches the important psychological level of $100,000, short-term consolidation may occur, but the overall momentum remains clear. It is worth noting that despite ongoing discussions about Bitcoin, some ETFs tracking Bitcoin have shown relatively flat performances over the past year, with prices still down more than 20% from their recent 52-week highs. However, these products have recently shown a noticeable "recovery," with an increase of about 8% in the past week, and are expected to record the first three consecutive weeks of growth in six months this week. Technically, the daily chart of Bitcoin-related ETFs is gradually improving. In early January, the fund re-crossed the 21-day exponential moving average and subsequently breached the 50-day simple moving average. More notably, even during a deep retracement of about 35% between October and November last year, the slope of the 200-day moving average did not significantly weaken, showing resilience in the medium to long term. Multiple doji stars appearing near key psychological levels in December last year were also seen as signals of a temporary build-up. Following the recent breakout from an ascending triangle formation, market expectations for further short-term gains have significantly increased. The trend of Ethereum-related ETFs is also showing signs of improvement. The fund experienced a significant retracement in the fourth quarter of last year, still down by over 30% from its 52-week highs, with repeated fluctuations in weekly performances recently. However, since forming a typical bullish "morning star" pattern in late November last year, downward potential has not further opened up, and an effective pullback to the previous bullish flag breakout has been completed. Recently, the price has regained the 21-day and 50-day moving averages and broke out of a consolidation range on increasing volume. If this breakout continues, the technical outlook points to further rebound potential in the second quarter, with the medium-term bullish logic remaining valid as long as prices hold above key support levels. In contrast, the volatility of Solana-related ETFs is still the most significant. The fund has fallen by nearly 30% in the past three months, but has shown strength since the beginning of 2026, with a rise of about 15% year-to-date. Although it is still far from its 52-week highs, it has potentially formed a "double bottom" structure at low levels. Previously, the fund was the first to show weakness in September last year, leading Bitcoin and Ethereum-related products to peak and fall back. Recent market attention has shifted towards the upside direction, and if the price can effectively break through key resistance levels, the technical outlook will significantly improve, potentially opening up greater rebound space. Overall, whether it is Bitcoin, Ethereum, Solana, or other mainstream cryptocurrencies, the technical patterns of their related products are quietly recovering. Historical experience has shown that true trend reversals often unfold before being widely recognized. When the market is still full of doubt but the structure is improving, it is often the stage where the trend gradually takes shape.