This morning I woke up to my phone being bombarded with messages until it was hot. Bitcoin has broken 100,000.

The group exploded with activity, some shared screenshots of their losses, others cleared their positions overnight, and even those old players who claimed to be "Buddhist-style holders" started raising questions. I looked at the market, finished two cups of coffee, and instead calmed down—this drop had actually been foreshadowed. Those who are panicking are mostly the ones who didn’t understand this game.

Let’s talk about the recent "news trap". After the news that the US government is back in operation, many people eagerly increased their positions, thinking that good news was coming. But there is an iron law in the crypto circle: buy the expectation, sell the fact. The moment the news materializes, short-term funds start to withdraw; those who made profits leave, regardless of how much it rises afterward. Moreover, the US dollar index and treasury yields have been skyrocketing recently, making it normal for high-risk assets to be drained in such an environment. Market funds are just that realistic.

The technical aspect further illustrates the issue. The position of 100,000 USD has become a hurdle that cannot be crossed. Looking at the recent candlestick chart, this price level has been tested three times without stabilizing, and the upward pressure is evident. The trapped positions are piling up like a mountain, and every time there is a rebound to this level, someone is eager to cut losses and escape. It's like pushing a truck.