In the past few days, the market has shifted from a narrowing range to yesterday's sharp fluctuations with both bullish and bearish spikes, indicating that market volatility is intensifying and is about to seek a significant breakthrough direction.

From the current trend of Bitcoin, its brief halt in decline may only be the calm before the storm, and it is highly likely that a new round of deep correction will begin. If it breaks below the $100,000 mark, this price level may turn from a support level to a resistance level, and the price could accelerate downwards to the $98,000 or even $95,000 range, where there is a lack of effective buying support. Once a downward channel is opened, the price may experience a sharp decline.

Even if there are expectations for a rebound in the medium to long term, it is unlikely to see a one-sided surge; the market will likely continue to maintain a pattern of oscillating to find the bottom.