!!! Warning: This article does not constitute investment advice. Any trading losses are the responsibility of the investor. !!!
Market Overview — Fear Persists Amid a Weak Recovery
Bitcoin has staged a mild rebound after spending two days hovering near $98.9K, now trading around $102K.
Despite this small recovery, the market remains caught in extreme fear, with sentiment indicators showing little improvement.
Traders are hesitant to declare a confirmed bottom, as the market still moves cautiously under heavy psychological pressure.
The potential U.S. government shutdown resolution provides a glimmer of hope for a short-term rally,
but its timing remains uncertain.
In the meantime, Bitcoin continues to trade within a narrow range, showing that the market has yet to regain confidence.
Long Perspective — Holding the Line at 98K
From a bullish point of view, Bitcoin’s ability to defend the lower 98K channel is a positive sign.
This level represents not only a technical boundary but also a symbolic support where long-term investors start to accumulate.
The market’s failure to breach this line could signal the early stages of a stabilization phase,
and if institutional demand returns—particularly from ETF-related inflows—momentum may build again.
For spot traders, this level could represent a constructive accumulation zone,
especially for those employing DCA (Dollar-Cost Averaging) strategies.
In this sense, patience could turn into an advantage—if the market confirms the 98K base and reclaims 110K in the following weeks.
Short Perspective — The Risk of Another Retest
However, the bearish argument remains strong.
The current rebound lacks sufficient trading volume,
and the inability to reclaim the midline resistance around 110K indicates that the market still faces structural weakness.
If downward pressure continues, Bitcoin could easily retest the 98K support,
and a break below that level might accelerate liquidations across major altcoins.
For futures traders, this setup demands caution.
A premature long entry here carries a high liquidation risk,
as leverage positions remain vulnerable to quick reversals in such volatile conditions.
Summary — Between Fear and Opportunity
Bitcoin’s two-day consolidation near 98K and subsequent move to 102K marks an important turning point.
Whether this level becomes the true bottom—or simply a pause before another drop—depends on
macroeconomic catalysts such as shutdown resolution timing and broader liquidity conditions.
At present, fear dominates the narrative, yet those who maintain discipline and patience may find that
today’s uncertainty could become tomorrow’s opportunity.
The situation remains in a precarious position. Are you going long or short?
