#比特币价格波动 Seeing this news, my heart sank a bit. Bitcoin has fallen below the STH cost base and the -1 STD range, which is not a good sign for short-term buyers. I have experienced this situation too many times; every time someone gets trapped. Now the 95K-97K dollar range has become a key resistance level. If it can return to this range, that would be good; otherwise, it may continue to fall.

What I'm most worried about is that spot demand is too weak, and funds from the US ETF are still flowing out. This is when it's easiest to get trapped, so don't be fooled by short-term rebounds. I've noticed that those speculators are all retreating, and both the open interest and financing rates are decreasing.

The market is currently very fragile and may undergo deeper adjustments. I advise everyone to stay vigilant and not to chase highs or bottom out easily. Wait and see for a while to see if demand can reappear at key price levels. Remember, in this market, it's more important to survive longer than to make quick money. Protect your funds well and don't give the manipulators any opportunity.