Recently, the market has indeed shown some interesting signs. On one side, clear bearish signals are flashing on the candlestick chart, while on the other side, a heavy bombshell of news has suddenly dropped. The bulls and bears are stalemated at the $87,000 level—who will take the initiative?

Let's start with this "nuclear" news. This Friday, Bitcoin options worth $23.6 billion are set to expire—this is the largest settlement in Bitcoin history, with no exceptions. Even more interesting is that the structure of these options positions is clearly skewed bullish. A key figure called the "maximum pain point" is set at $96,000. Do you know what this means? If the price can be pushed to this level, it could instantly render the most put options contracts worthless. In other words, there is enormous upward momentum hidden here.

But the technicals are singing a different tune. Looking at the 4-hour chart, the price at $87,190 is exactly near a critical support level (around $87,174), yet the MACD has already broken below the zero line, indicating weakened momentum. Trading volume has shrunk significantly, suggesting traders are currently on the sidelines, hesitant to make a move. The chart pattern looks like a slow decline, with a bunch of resistance levels overhead.

The current situation is like a weather forecast predicting rain, but satellite cloud images show a strong warm current approaching. Should retail investors trust technical analysis or news? This question might be more mind-boggling than the price itself.