#BTC价格波动 Short-term divergence is indeed widening, and this is a very interesting signal. The $90,000 level is not just a simple technical resistance; it reflects a loosening of bullish consensus—some are bullish, while others are worried about a liquidity crunch leading to sharp declines. The light trading volume before Christmas indeed tends to amplify volatility, and the squeeze on long contracts is adding fuel to the fire.

This kind of environment is actually a good time for followers to differentiate themselves. When volatility drops to historic lows, it may indicate that intense fluctuations are brewing. It’s important to understand how your traders are responding: some will choose to reduce risk and wait for confirmation, some will buy the dip betting on a rebound, and others will aggressively short. Traders with different styles will perform very differently in this environment, and that’s when the value of position sizing and following others becomes apparent—don’t put all your chips on a single judgment.

The key is to stick to your stop-loss discipline. Divergent markets are most prone to stop-loss hits, but frequent miscuts are the real killer. Observe how the top traders you follow handle risk during liquidity crunches; their risk management is more worth studying than their win rate.