The Life and Death of Bitcoin! The Battle Between Bulls and Bears is About to Erupt

Bitcoin is now stuck in an extremely tense position! The price is fluctuating within a very small range, this is the calm before the storm, both bulls and bears are gearing up for a decisive battle!

I have observed the market for many years, and this extreme compression of volatility cannot last. It is like a spring compressed to its limit, ready to 'pop' at any moment; it will either surge or plummet, with huge risks, and we must remain highly vigilant!

Want it to rise? Just pushing it up is not enough; there must be real capital flowing in, and the price must firmly stand above the key resistance level (above 10,8300). At the same time, the market sentiment indicator must break through the neutral line and turn positive. All three conditions are essential; otherwise, don’t believe in the upward trend, and the target of 110,000 is just a fantasy.

Afraid of it falling? Keep a close eye on the key support level (around 10,3300)! Once it breaks down, especially if accompanied by a significant increase in the downward momentum indicator, it will be dangerous! This could easily trigger a long squeeze, and the price might plummet straight to the 100,000 mark, leaving no time to escape!

For spot holders: Don’t mess around! The current volatility is low, trading costs are high, errors are easy, and returns are low. Hold your base position and wait for the direction to become clear before acting; random movements are just asking for trouble.

Where lies the key to breaking the deadlock? I believe it is external real capital! Keep a close watch on on-chain data to see if giants like BlackRock’s ETFs are continuing to make large net purchases. Continuous buying by such large institutions is the real 'nuclear button' that can break the deadlock and ignite a major market movement! The direction of large funds is more important than short-term indicators.

The market continues to change, and we are closely monitoring it to seize new entry opportunities. Like + comment, and let’s navigate this bull market together and seize this major opportunity.