Bitcoin is currently stuck in a delicate range: a strong consensus of funds is needed for a breakout upwards, while a downward adjustment may trigger panic selling.

The key issue is the risk-reward ratio—based on data, the potential for decline at the current price level is much greater than the potential for an increase. In other words, shorting now offers more potential profit than going long, unless Bitcoin can firmly hold above $110,000; otherwise, it is likely to remain volatile before July.

But don’t be intimidated by this “ambiguity.” Looking back at the previous two bull markets, Bitcoin has never peaked all at once; instead, it has gone through multiple highs and lows, transferring chips from experienced hands to new ones.

The characteristic of the end of a bull market is “repeated fluctuations.” Don’t panic when it drops, and don’t be greedy when it rises. $BTC #比特币