$BTC 8.25 Bitcoin price today: The Bitcoin market has been experiencing significant fluctuations these past two days, with rapid and intense movements. Let's first take a look at the medium to long term situation. Those who previously held short orders at the top should continue to hold without moving. The first take profit target remains near 98–99, which has not yet been reached, so there is still room below. Regardless of the intermediate fluctuations and disturbances, hold firmly.

From the perspective of short-term structure, after Bitcoin dropped from 124,545, it has made a significant rebound followed by a rapid decline. It is highly likely that it will not break down directly from here, but may first form a consolidation triangle before breaking down further. In other words, both resistance and support have already formed, and the price may fluctuate repeatedly within this range, choosing a direction only after the pattern completes. Therefore, short-term operations should be cautious, and patience is needed to wait for a rebound around 116–117, which may be the last opportunity to enter a short order.

Based on the analysis above, I personally believe that the market will continue to fluctuate here for another two to three days before going down. The medium to long term short order for Bitcoin should continue to be held; those without a medium to long term short order should consider adding positions in batches around 116,000 during a rebound. Small coins may still have opportunities for performance. For now, hold onto short term long positions.