Bitcoin is currently at a delicate crossroads. On one hand, spot ETF inflows continue to attract funds, the fundamentals remain solid, and the price has recently stabilized at a key level; on the other hand, there are conflicting signals emerging within the market.

From a technical perspective, the bullish momentum is weakening. Key indicators are showing divergence signals, and the price has repeatedly hit a wall and pulled back below certain round-number levels. More importantly, on-chain monitoring indicates that large holders have quietly reduced their positions during recent upward movements, and the market sentiment index has risen to a historically high heat zone—often a sign of an upcoming correction.

**Current Technical Data:**
- Current Price: 89,738.9 USDT
- Support: 88,134.9 (nearby, consider staggered entries)
- Support Range: 87,189.2 - 88,401.2
- Resistance: 89,900.0 (approaching resistance, risk should be managed)
- Resistance Range: 88,065.0 - 90,945.1

**Operational Strategy:** When the price approaches support, you can place buy orders, but be sure to set strict stop-losses below support. The key is to remain patient before major economic data releases and avoid being led astray by short-term volatility. Blindly chasing rallies often results in greater losses. Those who truly make money are not the ones chasing the trend, but those who can stay steady. Risk control always comes first; opportunities are always present.