Good evening everyone. Today, both Bitcoin and Ethereum experienced relatively small fluctuations, and everyone should have had a good rest.

Let's review the overall recent rhythm. Last night around 11:00, after Bitcoin briefly broke below 90,000, it found support near 89,800. The bulls pushed the price up, reaching a high of around 92,000. This move liquidated approximately $20 million in short positions. Compared to the spike at 4:00 PM on the 9th, when $15 million in long positions were liquidated, this was a classic example of a two-way high-leverage shakeout within the same day.

But there's a detail—after Bitcoin broke above 91,800 and then fell back quickly. The selling pressure over four consecutive hourly candles pushed the price back to 90,000, showing signs of divergence. More importantly, during the rebound, trading volume noticeably shrank, and the strength of the recovery was insufficient, giving a sense of a correction or repair.

From a price perspective, during this period, whether moving up or down, no new highs or lows were made, indicating that market consensus has not yet formed and consolidation is still needed. In this somewhat weak atmosphere, both retail traders and large players are unlikely to engage in high-position relay or low-position dumping, which are easily exposed intentions. Therefore, we haven't seen a reverse relay at 91,200, nor a big sell-off after breaking below 90,000 to chase the market down. The market is operating at the edge of its limits—walking along the upper and lower boundaries of former resistance levels.

From a future perspective, the bullish trend remains the priority—that's the current rhythm.