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Late-night market monitoring always makes the heart race, especially in recent days. Yesterday morning, I saw Bitcoin surge directly to $93,359, and my palms started sweating—not out of joy, but recalling the experience a few days ago when it almost got washed out at the 90,000 level.
The voices in the group are quite interesting. The day before yesterday, some were lamenting "no more rebound," and someone even posted a stop-loss order. But today at the open, Bitcoin shot up like a slap in the face, with intraday volatility exceeding 2000 points and trading volume surging by 25%. During the early morning dip back to 90,800, I also wavered and considered reducing my position.
**The market itself is speaking**
As of January 5th, Bitcoin has stabilized above $91,000 and even launched an assault on $93,000. Even more interesting is the formation of a classic strong structure of "higher highs and higher lows"—each correction is higher than the last.
Changes in capital flow are worth noting. Spot ETF inflows have continued over the past few days, with total trading volume surpassing $2 trillion. Whale addresses haven't been idle either; in the past week, they have increased their holdings by about 32,000 BTC.
The Fear and Greed Index rebounded from 20 to 28-29, still in the fear zone but the highest in three weeks. Market sentiment is slowly recovering, and this is no small matter.
We are easily confused by short-term fluctuations. Yesterday’s two spikes to 91,589 and 91,779 created quite a bit of panic. But if we extend the timeline, these are just routine corrections in a bull market.
It's those guys who cut losses again; now they must be regretting it.
While the whales are eating up the chips, we're still hesitating whether to cut losses or not, the gap in vision is too big.
Every time, we say that a market correction in a bull run is normal, but when it really happens, we just can't help but want to run.
If 93,000 really breaks through, those who shorted earlier will feel so uncomfortable.
Honestly, a 2000-point fluctuation looks very scary, but looking at the market half a year ago, this is nothing.
With such strong capital flow, it feels like it's just the beginning.
The people in the group were still bearish the day before yesterday, but they were quickly proven wrong. Honestly, they still haven't figured out where the supply line is.
With a trading volume of 2 trillion and 32,000 whales increasing their holdings, these numbers don't lie—real gold and silver on the battlefield are the most honest signals.
Short-term fluctuations are a test; looking at the longer term, this is just normal operation. We've seen even harsher pullbacks.
The fear index is only at 28 points, far from the greed zone, indicating that some people haven't gotten on board yet or are hesitating. You can interpret what this usually means yourself.
The key is to hold the 91,000 line. Once it breaks below 90,000, a re-evaluation of positions is necessary.
Survival first, profit second. In this market, those who stick to discipline and play it straight will be the last to laugh.
The whales are secretly eating up the chips, while we retail investors are still debating whether to reduce our positions.
Look at those stop-loss orders getting slapped, the group must be full of "I knew it would go up" comments now.
Staring at the market late at night is really intense. I was just thinking about reducing my position when it suddenly took off. The stop-loss orders in the group are probably all triggered.
Whales are accumulating, the data is there, this move is serious.
Wait, do you guys feel that each high is higher than the last? There's something to this pattern.
I've been fooled too many times by short-term fluctuations and don't want to move anymore.
Once it breaks 93,000, it will be a different story. Let's see then.