The market was actually showing some signs of instability at the time. The US stocks were rising steadily, but BTC remained suppressed around 80k, not following the upward trend. The underlying issues behind this warrant caution, and more importantly, we should be prepared for the currency to face an even bigger storm ahead.

1. The core of this round of US stock rally is not a full return to risk appetite, but rather institutional funds continuing to flock to tech stocks. Essentially, it’s more like a “safe-haven rally,” and does not mean that funds are willing to re-embrace high-volatility assets.

2. The biggest pressure on BTC currently comes from the funding side. New capital is clearly insufficient, and on-chain liquidity is actually flowing out continuously. The high-level sideways consolidation has gradually turned into a “funds bloodletting machine,” with many short-term funds being repeatedly drained.

3. Historically, BTC and US stocks are not always synchronized; their correlation shifts with the cycle. When the market enters a high-sensitivity phase, BTC often weakens first rather than continuing to follow US stocks.

4. Plus, with recent crude oil plummeting, concerns about a slowdown in global demand are intensifying. In this environment, high-volatility risk assets are naturally suppressed.

Therefore, the best strategy at this stage remains: observe first, avoid chasing longs, and do not hold heavy positions.

High-level sideways movement plus capital outflow is itself a typical “chicken rib voyage.”
Either wait for a drop below 78,000 to confirm weakness and follow the short trend;
or wait for a volume breakout above 82,000 before considering trend-following.

The more tangled the voyage, the more it’s necessary to control the pace.
The real big opportunity often comes after the direction is confirmed.