Bitcoin's recent volatility has certainly broken the mental fortitude of quite a few people. Last week our bullish setup finally materialized into a strong rally, but after pulling back over 4,000 points from the highs, the market is now filled with panic and all sorts of doubts. But precisely at times like this, you need to stay calm and see clearly what's really happening behind the market moves.

These past two days we've witnessed massive liquidations and leverage positions being rapidly squeezed out of the market — to be honest, this is a signal that frequently appears before a bottom forms. That kind of crash-like decline often isn't a trend reversal, but rather a chip reorganization by big money exploiting market panic. While they're liquidating retail traders, they're quietly doing high-level position rotation.

Right now the price is oscillating around 90,000, seemingly unstable, but I see this more as a psychological suppression washout targeting retail traders. Market sentiment has hit rock bottom, but often that's precisely when new trends begin to incubate. Others run out of fear; we stay because of logic — rallies always begin in desperation.

The strategy going forward is straightforward: maintain the long bias, any pullback is an entry opportunity. Current volatility is just the process, not the endpoint. The key is watching whether critical support holds. Fresh momentum is building up right now.

Short-term operation reference: 89500 is good for going long, 88500 is suitable for adding positions. Watch 92000 and 94500 as resistance above first, with a long-term target pointing to 98000. There's still game left in this move, don't rush to exit.