Bitcoin surged again late at night, but don’t get too excited just yet.

If you’ve been watching closely, you’ll notice—this pump was strong, but trading volume didn’t keep up at all. This hints at two things:

**First, there were a series of leverage liquidations on the derivatives side,** with long positions passively pushing the price up; **second, the previous drop was so sharp** that there’s now a gap in sell orders above, with supply temporarily exhausted—just a bit of buying can push the price up quickly.

So what’s the move right now?

I suggest you hold off on making any aggressive moves. At this level, it’s really not the right time to go all in.

**The key is whether Bitcoin can hold above 93,880.** If it breaks through or even pushes to 94,000, and even if it pulls back 2% but can still stay above the previous high at 92,000, that would confirm the rebound. If BTC continues to lead the rally (while altcoins lag behind), then this daily-level rebound could easily target 99,000-100,000.

But what if it can’t break through that key zone? I’m more inclined to expect a period of consolidation.

Looking at the weekly chart, BTC has already been falling for over a month. History tells us that after such a prolonged trend, the market often enters a sideways phase until the direction becomes clear. This is actually when you should pay attention to unusual moves in small-cap coins—whether they’re going up or down, both are worth watching.

The market’s been quiet lately, and those so-called traders who are usually noisy have gone silent, which actually makes it easier for me to read the market.

Take this recent pump, for example—on December 2, when the price wicked down to 84,000 and quickly recovered, it formed a textbook inverse head-and-shoulders pattern, so I immediately closed my short positions and waited. That shorting opportunity near 91,000 was also a very clear and decisive move.

Don’t get swayed by outside noise—always focus on what the charts are telling you. Stick to your own trading system and make your own decisions.