The recent movement of Bitcoin is indeed interesting. Yesterday, many started to position for short positions at this level, with a lot of orders around 98,000. Unfortunately, it almost triggered at the end.

Carefully examining the chart, the 9.8K level for BTC is like a fishbone, tightly stuck. From a technical perspective, this is both a previous resistance level and a potential support. The current candlestick pattern indicates that the bulls need stronger momentum to break through further.

Next, focus on two key directions: first, whether BTC can once again approach this critical price level to test the effectiveness of short positions; second, if it truly tests 9.8K again, what will be the performance—rebound or continued pressure. Short-term fluctuations in this range are likely to repeat, so patience is needed for clearer signals.