The ups and downs in the crypto world have never been the endgame; they are just a round in the ongoing battle between bulls and bears on this "chip table."

Open the 4-hour chart of BTC, and the familiar "calm before the storm" is back. When news broke this morning that a major institution added 12,000 BTC to their holdings, the market immediately jumped 2,000 points, but this momentum only lasted until 96,000 before being firmly suppressed. This is no coincidence; there are clues behind it.

Looking at the indicators makes it clear. The KDJ has already reached an overbought level of 85, and the RSI is also close to 73—these two "sentiment gauges" are now extremely hot. It's like someone in a bar getting high—if they keep jumping higher, they're bound to fall. Coupled with the pressure at the previous high of 96,000, which is already crowded with retail investors trapped last time, their sell orders are enough to press the bulls down to the ground. Last week, ETH experienced a similar scenario when it hit 3800—overbought + resistance level got stuck, followed by a 150-point pullback before continuing upward. BTC is essentially copying history.

But I think there's no need to panic. This correction is just a "normal breather." The MACD green bars are still accumulating, indicating that short-term buy orders still have strength; meanwhile, the 90,000 support line was defended last week with real money of 300 million USDT. As long as the price doesn't fall below this line during the pullback, it shows that the main players still hold their chips firmly.