It has broken 100,000, is Bitcoin going to crash? Don't panic yet.

To be direct: the short position is no longer appealing at this point. Instead, the bulls should consider stepping forward.

Recently, there has indeed been a lot of bad news—macroeconomic data is disappointing, rumors about regulation are rampant, whales are dumping, and altcoins are plummeting. Looking at the market, it's all in the red, and panic sentiment is spreading quickly.

But looking at it from another perspective, the market is like this: when bad news piles up, it often means that the negative impact is coming to an end. When panic reaches its peak, it is instead a precursor to a turnaround.

From a technical perspective, although the level of 100,000 has been breached, the support level has not completely collapsed. The shrinking trading volume indicates that selling pressure is weakening. Additionally, on-chain data shows that long-term holding addresses have not moved much, retail investors are cutting losses, and smart money is on the sidelines.

So? Don't rush to short. This position looks more like a shakeout, rather than a trend reversal. Be patient, you might find a silver lining right in front of you.