Recently, I've been monitoring the sentiment data for BTC and have discovered some interesting signals. The extreme pessimistic sentiment has been fully released, with the CED indicator quickly recovering from -11 to -0.52, which actually carries quite important implications.

On the price side, despite being bombarded by extremely negative sentiment, it has shown resilience, with the support level at 90600 holding firmly. More importantly, a clear bullish divergence has appeared—sentiment has bottomed out, but the price is still at a low level, which typically indicates a rebound opportunity in historical data.

The overall sentiment is currently stabilizing, and volatility is converging. This environment is actually more conducive to bullish positioning. Therefore, the strategy could be to consider a light long position, targeting the 91000-91500 range, with a stop-loss set at 90300.

But don’t be complacent; risks do exist. If the CED drops below -5 again, it could trigger a new round of decline, so keep an eye on the key psychological support at 90000. Sentiment fluctuations during the European and American trading sessions can also intensify volatility, so it’s recommended to keep the position within 20% and strictly adhere to stop-loss rules—this is the bottom line.

This analysis is valid for approximately the next 6 to 12 hours, after which market dynamics may change.