Recently, the Bitcoin trend has indeed been a bit sluggish. The price level of 94600 has been tested repeatedly, but it still lacks the strength to break through, and the support around 90000 is also starting to weaken. From the weekly chart, there are several technical features here that are worth following.

Let's first look at the trend structure. The uptrend line has been broken, and each subsequent rebound faces significant selling pressure—this is indeed a common escape window in technical analysis. 94600 seems to have become a short-term ceiling. The downward trend line on the weekly chart has its third contact point right around 90000. Historically, this type of three-point area usually results in a reversal.

The situation at the daily level is more intuitive. Three consecutive touchpoints have formed a clear pressure zone, and the rebound energy is obviously diminishing. In such a weak context, continuing to hold long positions carries considerable risk.

Market structure is also worth considering. The contract market has a high share, and large funds indeed hold a significant information advantage. A common tactic is: first to drive up the price to trigger stop-loss orders for short positions, and then to reverse and crash the market to eat up that stop-loss capital. According to this logic, 98000 is a possible rebound high point, but a direct plunge to 90000, 85000, or even lower positions is also within the expected range.

In this environment, taking profit becomes particularly important. Many people choose to convert floating profits into stablecoins to avoid downside risks. Some over-collateralized stablecoins (reserve ratio 200%+, verifiable on-chain in real-time) can indeed provide a low-risk hedging tool with low de-pegging risk. If deposited into yield-generating protocols, the annualized return is in the range of 8-10%, which can also provide some additional income while waiting for opportunities.

Market trends always unfold amid uncertainty, but the logic of risk management is timeless.