Bitcoin forms a critical defense line at $85,000

Recent market performance has been somewhat subtle. In the short term, the bullish and bearish forces of Bitcoin are roughly balanced, with buyers and sellers stuck in a stalemate around $87,000. Indicators reflecting short-term holders' movements have fallen to a three-year low—this indicates that market sentiment is very conflicted, with no signs of large-scale selling nor frantic buying waves.

From historical experience, this kind of equilibrium usually doesn't last long. Especially in a bull market, it often suddenly breaks upward, followed by a correction. But this round is somewhat different. Many short-term holders are already deep in losses, and the market has quietly entered a correction phase.

$85,000 is a point that cannot be ignored. Once it falls below this defense line, accompanied by significant capital outflows, the depth of the correction could exceed expectations.

For retail investors, there's no need to panic at this stage, but maintaining a clear mind is essential. Blindly chasing gains or cutting losses is a big mistake, let alone trying to resist orders blindly. A practical approach is to reduce position sizes and keep enough room for operation. If the support level is broken, consider entering gradually; if a rebound stabilizes, learn to take profits in batches.

The trend of a bull market is never a straight upward line. It is precisely during these oscillation periods that investors are given opportunities to select quality projects and gradually accumulate chips. Keep a steady mindset and wait for the market to clarify before increasing activity.