A while ago, I came across a viewpoint from veteran crypto investor Michael Terpin: Bitcoin might hit a bottom of $60,000 in Q4 2026. This prediction has certainly attracted a lot of attention, after all, Terpin's analysis in this circle has always carried some weight.

The current market looks like this: BTC is quoted at $89,148, with bulls still in control. The RSI is at 53.6, which appears relatively stable from a technical perspective. Support is at $87,365, resistance at $90,931, and the key breakout point is at $90,485. If the price can hold at the current level and break above this point, a new upward space might open.

A detail worth noting is that the short positions of the ProShares Bitcoin & Ether Market Cap Weight ETF have decreased by 20.7%. This indicates that the short-selling force in the market is weakening, which from one perspective is a positive signal for BTC. More importantly, this change in holdings may reflect that institutional funds are quietly adjusting their positions, and their actions often influence the next market trend.

Returning to the trading aspect, the strategy is straightforward: maintain a half-position now, and consider adding more only after confirming a breakout above $90,485. Place the stop-loss slightly below $87,365 to leave a safety margin. The short-term target is $95,000, but honestly, it also depends on whether the market truly cooperates.

The biggest mistake in this wave of market is being dragged by FOMO emotions. The market is always there; rushing or not rushing often makes little difference. The key is to have a plan and disciplined execution. What do you all think?