Today $BTC analysis, let's analyze something different for everyone, it may deviate a bit from your thoughts, if you feel the analysis is incorrect, please don't criticize

Last night the market experienced a drop followed by a rise, appearing to be very volatile, but actually the price hasn't moved much. We are currently in a dense trading area, which makes this position quite awkward.

How do we describe this awkwardness? Let's think with the mindset of the big players; there must be some experts who have accumulated positions from the bottom to the current level. There was a drop in the early morning, and although it has risen again, they are definitely worried—worried about what? Worried about profit retracement. Last night's drop could also be due to the long positions taken earlier, with spot traders selling off and closing positions.

Then there is another group that went long around 84500 yesterday, and during the early morning drop, some experienced liquidation while others did not. Those who liquidated don't matter anymore, but for those who didn't, now that the profits have returned, they will definitely think about selling because they are scared. So now many people are out of the market.

Now looking at the technical indicators on the daily chart, it is currently in an uptrend after a golden cross. Additionally, with the US stock market opening tonight, after the market changes at 4:00 PM, there might be a wave of false shorts. The hourly chart is already in a downtrend and then has risen, and the upper level might test around 88500, though it may not reach that much.