Morgan Stanley recently filed ETF applications for Bitcoin and Solana, which has attracted considerable attention in the market. To be honest, the entry of such major traditional financial institutions is indeed a significant boost to overall market sentiment.

From a technical perspective, BTC is currently priced around $92,713, with an RSI indicator at 48.1, indicating a neutral to slightly weak stance. This suggests that the market is still consolidating and has not yet formed a clear bullish or bearish trend. However, the key point is that applications from large institutions often influence market expectations.

In terms of technical positioning, the support level is at $90,858.74, with resistance above at $94,567.26. Notably, $94,103.69 is an important breakout point—once the price stabilizes above this level, the upward potential will be unlocked.

Based on the current market pattern, trading ideas could be as follows: establish a basic position near the current price, set stop-loss at the support level of $90,858.74, and aim initially for $94,567.26. If a successful breakout occurs above $94,103.69, consider adding to the position accordingly. Of course, even if optimistic about the future, it's important to leave sufficient risk buffers and avoid full-position trading. After all, institutional entry is a positive signal, but the market still needs time to digest it.

The core logic of this round of market movement is: traditional large funds are officially starting to allocate to crypto assets, which is a clear long-term positive. In the short term, whether technicals can meet expectations depends on whether key price levels can be effectively broken through.