Today's homework is so easy to write. There was no movement in the market, just as expected, with a slight upward fluctuation. This also reflects from the data that the current upward momentum is insufficient. Of course, this does not mean that there will definitely be a decline, but even in a situation of very poor liquidity, there is no obvious buying, indicating that investors are very rational in dealing with the current market situation and are not too FOMO. As for whether they can maintain the upward trend, it still depends on the performance of the US stock market on Monday. This is not just a joke. Based on the data of BTC open contracts on all exchanges, the current volume of open contracts is almost the lowest point in the past year. The last time Bitcoin was at this level was when it almost fell below $60000. In this situation, whether it is the passive reduction of short positions or investors reducing their game of long and short positions, it can show the confusion of investors at this position. They are worried that the long position will come to an end and the short position will continue to rise. Investors are waiting for more obvious signs, and as we have been saying for the past two days, although the price of BTC has risen well, the current situation is very similar to the rapid rise in February 2024, and most investors are waiting for lower prices, leading to a sell-off. So, to put it simply, current investors are highly cautious and unwilling to bet on direction. Looking back at the data of Bitcoin, the turnover rate over the weekend has significantly decreased, but there is still a considerable increase compared to previous Saturdays, indicating that the current price still makes many investors believe that there will be weak upward momentum and take advantage of the high price to leave. However, in reality, today's purchasing power has not increased much compared to previous weekends, which may be the main reason for suppressing price increases. From the supporting data, it can be seen that the range of $93000 to $98000 is still the most stable. Although there has been some reduction in holdings as the price rises, it is not serious. On the contrary, the support range around $83000 continues to be disrupted, and a large number of profitable investors in this range are starting to leave the market. But to be honest, the current price does not depend on Bitcoin itself, but more likely depends on the macro, political and economic impact. In particular, Trump and the Federal Reserve are still the factors that have the greatest impact on the market. This tweet is sponsored by @ ApeXProtocolCN | Dex With Apex