Good morning!

BTC has stabilized at 93,000, which is indeed surprisingly strong, yet somewhat expected. This recent rise was driven by whales, and there hasn't been much selling pressure; I haven't seen major sell orders around 95k. In fact, retail investors who were buying the dip have mostly sold off. In terms of contracts, a batch of short positions has been liquidated, and another batch is accumulating, so if it stabilizes here, it could trap a batch of short sellers.

The chips trapped around 95k don't seem eager to run, which is the most frightening aspect. However, there has been a significant profit-taking wave in altcoins; moving forward, altcoins probably won't be able to break out into a big trend, so one should be cautious about their positions.

Let's stay sideways for a while and be patient; don't be too pessimistic. I feel that according to the strategy of the Saylor crowd, we might just break through next week...