The current price of Bitcoin (BTC) is approaching a key resistance level of 99,000. Technical analysis shows that if it cannot break through, it may retrace to the 75,000-85,000 range. Capital outflow may be related to the actions of market makers, who create false breakouts to attract short sellers' stop-losses before reversing the trend. Caution is advised regarding short-term inducement risks. The short-term market is in a tug-of-war phase between bulls and bears, with increasing contradictions between technical and capital conditions. It is recommended to primarily adopt a bearish stance, flexibly adjusting positions based on real-time data while maintaining strict risk control. In the medium to long term, if the expectations of the Federal Reserve lowering interest rates increase or if the market breaks through the 100,000 mark, it may initiate a new upward trend.

Bitcoin is short around 98,800-99,300, with a target of 97,500. Ethereum is short around 1,850, with a target of 1,780.