📉 The technical aspect of this round of Bitcoin adjustment is actually not that bad.

To be honest, today's decline can't be considered fierce. What really collapsed first was market sentiment—bulls, upon seeing the key support breached, chose to remain silent.

The market signals are quite clear:
- The rebound is simply weak, and the volume has not kept up at all.
- Leverage liquidation is like a domino effect, pushing the decline even further.
- After the support level is broken, the bottom-fishing funds are all on the sidelines.

But let's think from a different angle:
This is more like a volume reduction pullback, rather than a signal of a trend reversal. The capital is still there, just temporarily on hold, waiting for the next direction to become clear.

Two key positions need to be monitored:
**Looking up at 92k**——Can't go back, the bulls have no persuasive power.
**Look down at 89k-90k**——only when it truly breaks below can it be considered a second bottom.

For friends who play short lines, what you need most right now is not frequent operations, but to wait for a confirmation signal.
For long-term positioning, this kind of pullback is instead a window period to lower costs.

The market will fluctuate,
But whether you can maintain your mindset is the real test.