Bitcoin returned to the border of 104 thousand dollars! Real jump or bullish trap?
Bitcoin rallied from Wednesday’s low in the $99,600 range to reach the $103,900 level, according to market data. Analyst Willy Wu says liquidity is returning and a real rebound is likely in the coming weeks. However, there are still no strong signs of extensive accumulation.
According to CryptoQua data, about 28% of bitcoins are currely held at a loss; A level that in the past has usually been the forerunner of major comebacks. However, some experts, including MEXC’s Sean Young, believe the rece move is more due to hedging of short trades and the influx of spot liquidity than a return of long-term confidence.
According to analysts, to confirm a stable floor, the market needs coinued accumulation of long-term holders and stabilization of the funding rate. If the weekly price candle closes above $103,000, there is a possibility that the market will improve uil 2026; Otherwise, the downward trend may coinue to the support range of $93,000 to $88,000.
