Where did the 10 o'clock sell-off go? Did Jane Street call the shots?

Since the news of Jane Street being sued broke, the usual morning 10 o'clock Bitcoin selling pressure suddenly disappeared. The "10 o'clock army" that used to act like clockwork now seems to have overslept collectively. The market instantly quieted down, raising doubts: Is it really the lawsuit that made market makers hold back, or did they just switch coffee machines and start working in the afternoon?
Logically, a lawsuit could indeed change capital behavior. Large traders, facing potential legal risks, tend to tighten their operations and reduce high-frequency selling pressure. As a result, Bitcoin temporarily escaped the "time bomb" of mechanical decline, and market sentiment instantly lightened.
But the price is still far from $70K. The key resistance level is around $68,500, where sell pressure has formed multiple times. If bulls want to break through, they need to first conquer this level and then see if the psychological barrier of $70,000 can hold. Continued volume expansion will be a prerequisite for confirming a breakout.
For investors, there are two paths now: one is to gradually build positions, viewing the rebound as a low-entry opportunity; the other is to patiently wait for confirmation of a breakout before following in, avoiding being "scalped" by short-term volatility. To put it humorously, you can slowly collect coins like picking up gold, or wait for the BOSS to appear and go all out.
Summary: The disappearance of the 10 o'clock sell-off is a side effect of the lawsuit, but the real market driver still depends on trading volume and key resistance levels. $70K is not a dream, but it requires patience and strategy.