#比特币价格分析 The recent Bitcoin price movements have really been dizzying! But don’t worry, let me break it down for everyone. We’re currently at a critical juncture, with both bulls and bears closely watching the $103,500 threshold. If it breaks above, the bulls could take the lead; but if a low is formed below this level, we might see a continued pullback.

However, I’ve noticed that the data on the stablecoin side isn’t looking too optimistic. USDT’s market share has broken above its long-term downward trend, and its supply is shrinking. This usually isn’t a good sign for a bull market.

In addition, on-chain data shows that there’s been significant accumulation of positions in the $94,000-$98,000 and $101,000-$118,000 ranges, which could act as resistance during an upward move. But there’s also some good news: there’s been a large increase in new holdings in the $84,000-$85,000 range recently, which might be due to big players buying the dip.

All in all, it’s best to stay cautious in the short term and keep a close eye on that crucial $103,500 level. You can prepare strategies for different scenarios in advance based on your own risk preference. Remember, whether the market goes up or down, opportunities are always for those who are prepared!