BTC 1:00 to 9:00 market recap:

The early-morning selloff was indeed pretty brutal, with a single large bearish candle smashing down to around 65,041. This kind of sharp drop is usually meant to liquidate a lot of long leverage and shake out shaky hands—typical “bull trap” (bait short) behavior. The good news is that the 65,000 whole-number support is still holding. After bottoming out, the price didn’t keep plunging deeper; instead, it spent some time grinding at the lows, gradually exhausting the short-side momentum.
In the morning session, the market’s direction flipped. The bulls started to push, putting in a very clean V-shaped reversal. Not only did it recover the drop from the early hours, it even moved close to the previous high. The rally speed was very fast, suggesting strong buy-side follow-through below. A lot of people who were shaken out earlier have likely come back to chase at higher levels.
However, when it surged up to near 65,800, you could clearly feel the selling pressure. In recent sessions, the latest few candles have started to pull back and adjust again. This indicates that the overhang from trapped longs above is still heavy, and the main force probably doesn’t want to fully “bail everyone out” immediately—most likely the market will keep oscillating here for a while to digest it. #VIP专享4%年化理财 $BTC $ETH