The true point of divergence for BTC is not the price, but confidence.

$94,000 is not the key resistance level; the real divergence lies in whether the market begins to believe that "rising is the norm." Currently, most people still see the increase as a "phase event" rather than the default state of the trend. This mindset indicates that the market has not yet entered a frenzy zone.

Short squeeze rallies deplete the shorts, while main upward trends exhaust the skeptics. Based on ETF funds, spot market share, and on-chain behavior, shorts have not been pushed to extremes; instead, off-chain funds are gradually entering the market.

Therefore, I tend to believe: this is not a rally to end the trend, but a rally to build consensus.

As for trading strategies, rather than obsessing over whether it's the peak, ask yourself: if BTC consolidates at a higher price for three months, would your current position make you regret it?#比特币六连涨