Currently, BTC is trading within a narrow sideways range that is defensive, and the tug-of-war occasionally pushes some Altcoins up, creating local excitement; however, the selling pressure is still very strong and quickly pushes them down.

What about the next 24 hours?

It is very difficult to assert that there will be a surprising breakout because currently, the news or sentiment is largely leaning towards Short, and the tug-of-war will continue at least until the end of the week before any better or worse news occurs. From a personal perspective, I assess that BTC has a 90% chance of experiencing a drop below 101k (even much deeper) before stabilizing and rising again, alongside some technical rebounds. This is indeed an opportunity for medium-term Spot investors to gradually accumulate.