📉 "Sit-up" market has arrived! Bitcoin has been bouncing around the $100,000 mark for the past two days, fell and dropped below $99,000, and yesterday it struggled to climb back above $104,000.

🔍 The focus of the long and short game
The current market is at a critical balance point, with both bulls and bears looking for direction.
The bearish strength mainly comes from two aspects:
Institutional funds are cautious in the short term. The US Bitcoin spot ETF has experienced net outflows for six consecutive days, totaling about $137 million. Among them, BlackRock's IBIT saw a single-day net outflow as high as $375.5 million, which has put considerable pressure on the market.
On the technical side, there is a strong "sell wall" around $105,000, which is suppressing the price rebound like a ceiling, and many traders believe this limits the short-term upside potential.

Support from the bulls is reflected in:
The range of $100,000 to $101,700 is widely regarded as a key support level in the recent period. If this position can be maintained, there is still a chance for market sentiment to stabilize.
According to on-chain data, nearly 30% of BTC supply is in a losing state. Historically, this sometimes indicates that a local bottom may be forming, as potential selling pressure may have been released to some extent.

📈 Contract Strategy Reference

In the face of this volatile market, actions must be swift, and the mindset must be steady.

👀 Today's price level
BTC
Long position: 102,000-102,500, resistance above at 105,000, exercise caution if it pulls back to 101,500, don't enter if it can't hold, stop loss below 99,600.
Short position: 103800-104,500
ETH corresponds to BTC position

💡 Tip
Keep positions light: In such a volatile market environment, maintaining light positions is the primary rule for survival.
Make good use of stop-loss: whether it's a long or short position, only operate within the range under the current market conditions, and do not counter the position.
Attention news: Pay attention to the latest news about the U.S. tariff policy, any breaking news may cause the market to fluctuate sharply again.

Summary: The market has not yet chosen a direction. Trade in ranges between support and resistance, get in and out quickly, take your profits and run, don't be greedy!

This article is for reference only, the market has risks, and investment should be cautious. #加密市场观察