Bitcoin has been quite interesting lately. The market has been repeatedly testing the range between $90,000 and $110,000, and some analysis institutions believe this is a critical zone—bulls need to hold this line.

It sounds simple, but the logic is as follows: if BTC can stabilize and break through this level before the end of the year, a significant rebound could be triggered at any time. In other words, this is the bulls' last defensive stronghold.

The current situation is quite intriguing. Market sentiment is indeed a bit anxious, panic is spreading, but if you look closely at the trading data, you'll notice that structural funds are still flowing in continuously. It's like saying: major players are not bearish.

The key variable is right here—whether BTC can hold the $90,000 to $110,000 range. There is still plenty of time until the end of the year, and uncertainties are increasing. The overall trend essentially hinges on this game.