The market sentiment is currently very weak, and the news is also unhelpful. BTC futures funds are clearly retreating. Although there is some capital entering at 98,000 (the premium index can verify this), it is still uncertain whether it has truly reached the bottom.
The key is to observe the strength of the rebound—if it can't even break above 102,000, then it is very likely to drop further, and we will have to see if there is any support near 95,000 before making a decision.
In simple terms:
• If it stabilizes above 102,000, it may just be a pullback and could rise again;
• If it is continually pressured by 102,000, then the trend may truly reverse, and the likelihood of a drop will increase.
Right now, it's about watching 102,000 to see who wins, the bulls or the bears!
