$BTC continued to surge today, but quickly dropped to a price of 95500. The battle between bulls and bears has not seen such liquidity in a long time. It can be seen that the open interest has not changed much, but the spot trading volume has clearly been declining since the 23rd.

Currently, the price increase is entirely driven by contract users' large holders who are observing whether the market will further break through the bottom, and the market performance is exceptionally strong. Shorting on the left side requires multiple stop losses to successfully touch the top once, indicating that the majority of people, including myself, are optimistic about the future market.

The pullback I've been waiting for is just to allow the market to rise more strongly. As retail investors become more hesitant to buy, they are willing to jump in whenever there's a pullback to support the market. Such an increase has sustainability. If institutions go on a buying spree in October and November, then it will be a race to catch up.

As long as it doesn't break the 95500 level in the short term, I still expect a pullback, especially since today is Sunday when liquidity is even scarcer. The support for BTC is at 92300-91600, with an error not exceeding 1%.