Attention traders, recently BTC has hit a key level at 98,000 and got stuck there, with bulls and bears locked in a tug-of-war. Coincidentally, macroeconomic news has also been released at this point to disturb the market, and this stacking effect often leads to significant volatility.

As someone who has been in this industry for eight years, my advice is not to panic or follow the crowd blindly, nor to rush into chasing the rally. The previous long positions should have been closed already. The current strategy is to observe calmly and wait for a clear market direction before taking action.

Let me start with a basic concept: a price level like 98,000 that hasn't been broken for a long time naturally creates strong selling pressure. The market tends to have disagreements here, and combined with external news stimuli, it will either break through in one go or reverse directly. That’s why I emphasize the importance of taking profits in time—when uncertainty is high, preserving existing gains is always more realistic than gambling on the next move.

Based on the current market structure and news considerations, I believe there are two possible scenarios ahead, both of which warrant pre-prepared plans:

First scenario: The price may quickly test the 98,000-99,000 range, even temporarily breaking through to create a false breakout, but then be pulled back by the bears for confirmation. The logic behind this is that the bulls want to push hard on the news, but the market’s selling pressure hasn't been fully digested yet, so they can only make a "fake breakout" to lure in longs, then take the opportunity to sell off during the pullback. During this phase, pay special attention to whether the key support levels during the pullback can hold—if they do, there’s still potential for further upward movement.