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It appears that a bearish divergence has appeared on the lower time frame, and the bears have suffered significant losses in this move. Subsequently, some bulls intervened towards the end, and a slight pullback in this situation is actually quite normal. From the current position, BTC may adjust within the 94k to 93k range.
This trend reflects a shift in market participants' sentiment—bears stop-loss and exit, while bulls gradually build positions. Changes in supply and demand are often accompanied by short-term technical corrections. Continuing to monitor the performance within this price range will be an important reference for judging the next phase direction.