This is an interesting perspective on the trend, with specific data considerations, but ultimately it does not provide a standard for current judgment; you still need to make your own assessment.

0127 Bitcoin Daily Report😊😊
Bitcoin attempted to consolidate after a strong rebound yesterday, currently hovering around $88,000, with Ethereum trading just below $3,000.

Persistent selling pressure and position restrictions caused a rebound, but there was no panic selling. In the short term, there is a lack of clear direction, and it 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, consolidating but unable to break out of a trend. Overall, the market believes that 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 adjustment space, with a target around $74,000. Conversely, if this support holds, it may provide more attractive entry opportunities for bulls. Institutional analysts believe Bitcoin is likely to fluctuate within the $85,000 to $94,500 range, 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, it is pricing phase risks rather than ongoing structural shocks.