Recently, the market has been quite exhausting, with Bitcoin constantly hovering at a high level, and the trading volume has not been improving. To put it simply, this situation indicates that the main forces are engaged in a "tug-of-war," neither wanting to dump the market to scare off retail investors nor wanting to push the price up immediately to allow new funds to buy in cheaply. The longer this position remains stable, the more beneficial it actually is for reaching new highs later—just like compressing a spring, the tighter it is compressed, the stronger the rebound.

Don’t be fooled by the current price seeming to be stuck; in fact, the daily trend is still quite healthy, and the overall trend is still upward. The market tends to become quiet during weekends, and price fluctuations may be smaller at this time, so keep a close watch on the range of 95,000 to 95,500. If the price drops to around here, there’s a high probability it will hold. On the upside, there is noticeable resistance around 98,000; previous attempts to reach this level have been pushed back.

Based on experience, it wouldn’t be surprising if this stagnant state lasts for another week. What we retail investors need most at this time is patience; don’t get swayed by daily fluctuations. Remember, the longer the consolidation lasts, the stronger the momentum will be when a direction is finally taken. Right now, the focus should be on preparing your resources, and just avoid getting shaken out during the volatility.