BTC has not seen significant fluctuations for a week now, maintaining a steady decline in positions while remaining in a consolidation phase, essentially exchanging time for space;

This slow de-leveraging phenomenon is actually quite healthy, as it leaves room for future upward movement driven by futures while further alleviating the burden on the bulls;

If it can continue to oscillate above 90,000 and reduce positions by another 4 billion dollars, it will almost be time to liquidate the shorts;

The next move should be a test of breaking 100,000, as the current concentrated short liquidity at 100,000 is more than enough to cover the supply of sell orders at the same price level;

In summary, the oscillation above 90,000 is more favorable for the bulls, appearing to be a buildup for breaking through 100,000, and only when it falls below 90,000 do the shorts gain a structural advantage. #微软比特币投资投票案 #每日瓜分1BNB #微策略持续增持BTC #下一个换谁涨？ #RWA板块普涨