A pullback from a rising trend is a healthy correction, while a decline is a good opportunity to buy (password and airdrop are available at the end of the article)

Followin' Bitcoin broke through the $100,000 mark yesterday, but it only lasted about 24 hours before quickly falling back. Under the backdrop of more and more companies and institutional investors pouring in, Bitcoin had reached a high of nearly $103,000, but the bulls failed to sustain the uptrend. It just so happened that the employment report was released and the employment data exceeded expectations. Affected by a series of strong economic data, the market's expectations for rate cuts cooled, U.S. bond yields soared, and U.S. stocks also pulled back, causing Bitcoin to experience its biggest decline in two weeks, falling back below the $100,000 mark. VX: TTZS6308 This round of major decline triggered a large-scale liquidation of leveraged positions. The total liquidation volume (liquidation amount) of cryptocurrency market futures contracts in the past 24 hours reached $599 million, of which over $540 million came from long positions. The reason is that the U.S. stock market ended its 2-day rally and turned to decline. According to data from the Institute for Supply Management (ISM), the performance of the U.S. service industry in December exceeded market expectations, and the input price index rose to near a 2-year high. In addition, the U.S. Bureau of Labor Statistics (BLS) released the Job Openings and Labor Turnover Survey (JOLTS) for November, showing that the number of job openings significantly exceeded expectations, reaching a 6-month high, further confirming the stability of the labor market. A series of strong economic data caused U.S. bond yields to soar, which dealt a blow to the stock market and cryptocurrency market. The strong labor market has weakened expectations of monetary policy easing, and also indicates that rate cuts are no longer an immediate priority. This is also consistent with the prediction of the CME FedWatch tool, which indicates a 95% probability that the Federal Reserve will keep interest rates unchanged at its meeting on January 29. After Bitcoin broke through $100,000, some investors chose to take profits, triggering stop-loss orders for long positions, further exacerbating the downward trend. In addition, the fluctuating trade tariff policy stance of the Trump administration after his election also added uncertainty to the market. The volatility in the U.S. bond market has also further heightened the market's cautious sentiment towards Bitcoin. Although Bitcoin has retreated significantly, just a day earlier, Bitcoin spot ETFs attracted a net inflow of $987 million, the largest since November last year, indicating that capital is still pouring in. On the other hand, this round of decline seems to be related to "spoofing" manipulation, which is a behavior of large capital deliberately shifting liquidity on the order book, causing prices to fluctuate significantly in a short period of time. The order book liquidity data chart shows traces of several blocks of liquidity shifts.

Will Bitcoin further test $90,000?

For the future of Bitcoin, the support at $95,000 is currently stable. If it can stabilize, this round of correction will be basically over. If it needs to further test the downside, it may retest the $90,000-$92,000 low area. The 50-day moving average support is also around this support area. The current correction is just a normal pullback, with support levels around $95,000 and $90,000. For Bitcoin to regain its upward momentum, it must firmly stand above the $100,000 mark. After the Coinbase premium index turned positive in early 2025, the buying pressure from U.S. retail investors has also clearly recovered. The price has now broken through the SMA14, which is a strong bullish signal. History shows that whenever this index crosses the SMA14, Bitcoin prices usually experience strong growth. Always remember that chasing the rally is not a good strategy, the dips are the best buying opportunities. I've been telling everyone not to rush in when it's rising, there will be plenty of opportunities. Additionally, today in the member group, I've also guided everyone to deploy some spot targets, as well as a step-by-step airdrop tutorial. Interested members can message me at 666 to receive it.