Bitcoin's performance over these past two days is truly frustrating. The day before yesterday was a breakout battle, and today it has turned into a defensive battle for 90k—basically, the market lacks resilience. With this kind of price action, it seems only a major bearish catalyst can trigger a rebound; otherwise, it's just treading water. Right now this isn't a true trending market at all, but rather a game of "liquidating retail traders."
Looking at the recent order book, massive long positions have accumulated at the 90k level, and liquidations are occurring in batches. The truly profitable short positions are actually stuck above 95k—the profit potential and control dynamics here are self-evident. Ethereum and Solana are following Bitcoin's rhythm without any meaningful movement, and the overall market is still digesting the earlier gains. Under this structure, the probability of a near-term rebound is low; the market still needs to continue "hunting" for participants.
Bitcoin's performance over these past two days is truly frustrating. The day before yesterday was a breakout battle, and today it has turned into a defensive battle for 90k—basically, the market lacks resilience. With this kind of price action, it seems only a major bearish catalyst can trigger a rebound; otherwise, it's just treading water. Right now this isn't a true trending market at all, but rather a game of "liquidating retail traders."
Looking at the recent order book, massive long positions have accumulated at the 90k level, and liquidations are occurring in batches. The truly profitable short positions are actually stuck above 95k—the profit potential and control dynamics here are self-evident. Ethereum and Solana are following Bitcoin's rhythm without any meaningful movement, and the overall market is still digesting the earlier gains. Under this structure, the probability of a near-term rebound is low; the market still needs to continue "hunting" for participants.