Bitcoin’s recent price action? Honestly, it’s a bit torturous.

Just look at that candlestick chart—it jumps up and down like an ECG. It pumps, then dumps, with no clear pattern at all. This kind of sawtooth market? Any seasoned trader knows it means the two-way harvesting mode has kicked in.

This round? The bears are basically being crushed, almost ready to throw in the towel. But here’s the issue: the bulls are now piling in, with positions stacking up higher and higher. If this rebound isn’t strong enough to flush out the weak hands, there’s a high chance in the next three days that the bulls will get trapped and liquidated instead.

When that happens, the price will likely get slammed back down to hover near $80,000 again. Unless there’s a decisive breakout, this tug-of-war will just keep dragging on.