#数字资产市场动态 $BTC This wave of market, the key point is that it didn't break out.

On the 15th early morning, it reached 97,900 and then lost momentum, followed by a weakening trend. It seems that the subsequent capital inflow from the bulls is insufficient, and market sentiment has also loosened. This is the core issue—it's easy to push prices higher, but difficult to sustain the momentum.

On the daily chart, a series of large bullish candles were indeed satisfying, even breaking through the upper band of the Bollinger Bands, but no new upward space has been opened. Now, it is reversing to test support, with candlesticks clearly weakening, and signs of a potential top becoming more obvious.

The 4-hour timeframe reveals more clues. The bulls previously kept testing lows repeatedly, then concentrated their efforts to push higher lows, forming an ascending structure. But looking upward, the 98,000 level has become a tough nut to crack, with too much pressure. Can it effectively break through and stabilize? I think it's unlikely. If it can't hold steady, this will become the endpoint of the rebound, and control of the market will revert to the bears.

In the short-term, the highs are continuously declining, and the strength of the rebound is weakening. Although there hasn't been a quick breakdown below support yet, the downward momentum is quietly accumulating, showing a clear pattern of "weak rebound followed by further decline."

Overall, after this surge, a correction is inevitable. It’s almost certain. The medium to long-term strategy should still favor the bears.

**Trading suggestion**: The 96,500-97,500 range can be used to gradually enter short positions, with the first target at 90,000. If broken, further focus can be on the 87,200-84,500 zone. Keep your position light, around 3%-5%, to leave room for short-term volatility.