#BTC资金流动性 market data logic is changing, brothers.

It's an awkward time at this stage. There should indeed be no panic, but mindlessly adding positions is even more dangerous. The market is stuck at a critical position—negative macro news has been digested for now, and the technical side is in recovery, but as we approach the end of the year, the funding situation will continue to tighten, which is an unavoidable pressure. Don't take the weekend rebound too optimistically. Before breaking through key levels, it's at best just fluctuations within the range.

On the macro front, the tightening expectations are like a sword hanging over our heads. The hawkish voices from the Federal Reserve are gathering, and the likelihood of easing in the short term is very small. In this environment, large funds simply do not dare to make reckless moves. The true state of the market right now is: a technical rebound is gaining strength, but the expectations of tightening macro liquidity are suppressing it. These two forces are wrestling with each other, and the market is using fluctuations to digest this contradiction.

Looking at the price movement of $BTC. The impact of the Bank of Japan's interest rate hike has been resolved, and now Bitcoin has built a new platform in the range of 87500 to 89600. This morning it surged towards 89600 but failed to break through — indicating that the resistance above is indeed present. The short-term direction will depend on how this range moves. If it can stabilize above 89600, market sentiment will turn bullish. However, if it falls below 87500, the correction may accelerate. Until a complete breakout occurs, this is a consolidation range.

The key is to change our mindset. The recent unilateral panic has passed, but the market is not strong enough to go on a unilateral rise yet. We have now entered a phase of oscillation and game theory. Long-term funds are indeed settling here, playing a role in providing support, allowing for buyers to step in during declines. However, the short-term dominance still lies in the hands of external factors, with macro policies being the most critical variable. The current market is like undergoing a stress test, self-repairing while waiting for the next signal to appear.

On the operational level, those extreme practices of holding on tightly or buying high and selling low must be discarded. At the key support level of Bitcoin (around 87500), it is advisable to consider entering the market in batches. When the price approaches resistance levels like 89600, one should exit in batches. Stop-losses must be strictly set, and the overall position should be controlled within a bearable range.

Be a little patient mentally. The current fluctuations are actually building momentum for the next wave of market trends. Keep a close eye on macro trends, especially changes in the Federal Reserve's statements and the flow of global funds, as these will determine where the market goes next.