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One thing that is always interesting about Bitcoin — price moves first, narrative follows later.
A few weeks ago, $80,000 still felt like a heavy resistance. Now that level has become a floor, and the price is consolidating higher above $88,000. Technically, this shift is significant — what was once a barrier now acts as support.
However, volume hasn't spoken as loudly as the price. The 24-hour liquidation is almost evenly distributed between longs and shorts — no single party is truly dominant. This is not a sign of a strong trend, but rather a market still in the process of choosing a direction.
In such conditions, the most dangerous thing is to rush to conclusions. Both bulls and bears have reasonable arguments. A trader's job is not to guess who is right, but to be prepared for both possibilities.
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