New Year opening, let's talk about BTC's trend.

Yesterday, we judged that this round was a small rebound, but unexpectedly it evolved into a big rebound. Why is that? The key lies in the amount of funds accumulating at the bottom. Usually, such rebounds follow a pattern, but this time the situation is different.

My understanding is this: during the continuous rise, the main force keeps pushing up, while the bears refuse to admit defeat, continuously adding to their short positions. The main force then keeps "injecting"—repeatedly testing upward, then pulling back to absorb the supply—until they finally break through the bears' psychological defense line, and then it's over. This is a typical war of attrition between the main force and the bears.

With more accumulation at the bottom, the concentration of chips increases, and the subsequent upward momentum becomes sufficient. The current movement of BTC follows this logic. The more aggressively the bears add to their positions, the more fierce the main force's tactics become, ultimately resulting in a big rebound rather than a small one. The market is always seeking a balance in the game between the main force and the bears.