Recently, Bitcoin's market has been quite interesting. After breaking through $93,000, the bulls and bears have been entangled intensely, and market sentiment has been pulling back and forth.

From a technical perspective, the $88,000-$90,000 range is a relatively solid support, with resistance mainly concentrated around $93,000-$95,000. These two key levels are now critical in determining the subsequent trend.

There are many factors driving the price up—institutions are continuously increasing their holdings, and expectations of interest rate cuts have also boosted market confidence. However, risks should also be taken seriously: ETF fund inflows and outflows are quite volatile, regulatory policies are being implemented one after another, and there are still differing opinions on the cyclical outlook. All these could become variables moving forward.

If you want to participate, my advice is as follows:
- During pullbacks, try small positions at support zones; avoid going all-in at once
- If chasing a breakout, keep small positions and manage risk
- Set stop-loss orders properly to prevent losses from spiraling
- In the long term, allocate 5%-10% of assets to compliant hedging products; this allows participation in gains while reducing volatility impact

Overall, the key is to act cautiously, stay calm, and prioritize risk management above all.