#比特币市场情绪与技术面 Bitcoin repeatedly tests the $85,000 level, and the net pressure indicator has fallen to the 5% level after three years. In plain terms, the buying and selling forces of short-term holders have reached a bizarre equilibrium — a balance that has historically been unstable.

The key issue is: current short-term holders are already at a 13.9% unrealized loss, which means market sentiment has long shifted from greed to panic. If the price truly breaks below $85,000 and the net pressure worsens to below -15, don’t expect a gentle correction; the decline will further accelerate.

From a follow-trade perspective, this is a sensitive divergence point. Aggressive traders may be waiting for this breakdown to add short positions; conservative traders have already started reducing their holdings. My current strategy is:

**First layer**: Observe how accounts with strict risk management operate; they usually sense the turning point.

**Second layer**: If positions at this level haven't been risk-managed, I will proactively reduce my follow-trade ratio, preferring to miss out on the rally rather than risk losses.

**Third layer**: Wait for confirmation of the breakdown signal, then decide whether to follow with short positions based on volume.

Market conditions are like this: fragile balance often breeds great opportunities, but only if you live to see that moment.