0127 Bitcoin Daily Report😊😊

After a strong rebound yesterday, Bitcoin is attempting to consolidate and is currently hovering around $88,000, while Ethereum is trading just below $3,000.

Persistent selling pressure and position restrictions have led to a rebound, but there has been no panic selling. In the short term, the market lacks clear direction and seems to be in a defensive equilibrium state, indicating that rebounds during the upward process are more susceptible to selling pressure. Overall summary: Bitcoin shows a state of being under pressure but not collapsing, with consolidation that fails to establish a clear trend. Generally, the market believes Bitcoin has not been abandoned but is temporarily sidelined, due to the rise of the current hot flow of silver contracts.

Traders believe recent price action reinforces a bearish outlook. If Bitcoin effectively breaks below the $84,500 support, it could open further downside space, with a target around $74,000. Conversely, if this support holds, it may provide more attractive entry opportunities for bulls. Institutional analysts expect Bitcoin to fluctuate mainly between $85,000 and $94,500, noting some structural changes in the options market. Traders are mainly responding to short-term risks rather than pricing medium- to long-term volatility. In other words, the pricing reflects phased risks rather than ongoing structural shocks.