#Strategy加码BTC配置 To get straight to the point, short-term downside pressure is concerning, and this week is very likely to probe around 91200.

Where does the downward risk come from? Here are three core factors:

First is liquidity exhaustion. The order book is too thin, support is fragile. Look at that needle on Monday, directly heading for 90,000, with no buffer in between. Once the accumulation zone at 87,000 is fully drained, funds will push prices higher to distribute, and this cycle repeats. When chips are highly concentrated and both buy and sell orders are thin, a single large short position can cause panic in the market, and fragile support lines can be instantly broken through. Honestly, there’s currently no reliable support; the only support levels are 85,500, which has been tested three times and still broken, and the untested range of 82,200-80,500. The market is now swinging between these two dense trading zones: 75,000-80,000 and 90,000-95,000. Once the accumulation at 87,000 is lost, it’s like pouring water out.

Second is the rising margin costs. When metal commodities start requiring higher margins, the profit-taking effect gradually diminishes. As the effect weakens, losses will follow. Under overheated speculation, it’s not just retail investors bleeding; small institutions and asset management firms can also be affected. The CME often raises margins several times a week, triggering excessive positions and causing chain reactions of decline.

Third is the risk of large funds draining liquidity. When big funds suffer losses in a market, they will withdraw liquidity from other markets to stabilize their positions. Crypto markets are fast and low-threshold, making them the easiest targets for liquidity extraction. So other coins are also likely to be dragged down.

I won’t go into details; just look at the chart and judge for yourself.