#比特币波动性 The market fluctuations last night honestly left people dumbfounded.

I was originally thinking that the price around 87300 should at least hit a resistance, right? But the price directly broke through the resistance and surged up, and the brothers who went short must have been stunned by this wave.

Looking back, the jump from 86200 actually laid the groundwork. Mid-track? Broken. Upper track? Pierced. Moving averages? All trampled underfoot. In a short time, a 4000-point surge occurred, which seems sudden at first glance, but when dissected, every step on the chart has its trace.

The lower Bollinger Band support point is holding strong, after consolidating with reduced volume for half a day, it suddenly surged with increased volume. The 7-day moving average and the 30-day moving average have already crossed upwards, showing a typical low-level rebound setup. The most critical point is the 89600 position—short sellers' stop-loss orders were triggered in a chain reaction, instantly blowing the market upwards like a row of dominoes.

Looking at the hourly chart, once the barrier at 88800 is broken and held, the price will move back and forth in the upper range. The bullish pattern has already emerged, so any pullbacks from here will be a normal breather.

On the data front, the initial jobless claims in the United States came in lower than expected. Normally, good economic data should be unfavorable for risk assets, but the market is going the opposite way—main players simply ignore any logic and let their funds do the talking, taking advantage of the fact that the news hasn't been fully absorbed yet to squeeze the shorts.

This market just won't let you make money comfortably.

Last night I realized I had indeed misjudged. But a wrong direction doesn't mean the entire approach is wasted — the key is to immediately change course the moment you see a change in the market, rather than stubbornly holding onto emotions. This is not called giving up, it's called timely course correction.

The short-term target range has been moved up, looking at the area between 90600 and 91000. If the trading volume shrinks at a high level and the price doesn't move, that will be a new point of contention; if the volume increases and it breaks through 91000 directly, then it could go above 91800.