Bitcoin has risen from 88,000 all the way up to a peak of 94,800, touching a critical high point. However, it faced a real test above 95,000. Observations show that there is a pile of sell orders exceeding hundreds of millions at this price level. Even with ample funds from the market makers, breaking through this barrier is no easy feat. Achieving this height in a bear market is already quite difficult, but the subsequent breakthrough will not be easy to achieve.

Here, I must point out a pain point: trading with more than five times leverage in such volatile conditions is truly deadly. Some time ago, I accidentally lost $10,000 during a high-volatility period, and what hurt even more was that I was just $1,000 away from profit when my position was liquidated. The mental torment from that experience is far worse than the loss itself. The final reflection is: don’t engage in trades that keep you awake at night. Trade within your means; eat what your capacity allows. This is a lesson learned with real money.

If Bitcoin truly shifts into a bullish trend, remember one thing—protecting your principal is always the top priority. Before opening each leveraged position, think carefully about how much fluctuation your heart can withstand.