#BTC行情预测# Bitcoin has once again broken through the 100,000 USD mark, but the market has not surged as expected; instead, it has entered a phase of volatile pullback. This "calm period after the breakout" may seem unexpected, but it is actually a normal logic of market operation.

The current market situation is neither a sign of a trend reversal nor a signal of a bubble burst, but rather a halftime break for accumulation — the main force is washing the盘, funds are rotating, and the market is waiting for the next opportunity for an explosion.
Why did it pull back after breaking 100,000?
1. The profit-taking of 100,000 USD after the psychological barrier is not just a simple price number, but a "watershed" of market sentiment. When Bitcoin once again stands at this key point, a large amount of profit chips have accumulated in the short term. Some investors choose to cash out, while the main capital cleans up the positions, which is a typical action after the market breaks through important thresholds. The essence of a pullback is to digest the previous gains, allowing chips to complete their turnover during fluctuations, laying a solid foundation for subsequent market trends.
2. The Inevitable Choice of Capital Rotation After Bitcoin broke new highs, the market focus began to shift towards Ethereum and altcoins. Recent market trends have shown signs: Bitcoin has slightly pulled back, while Ethereum and some altcoins have quickly rebounded. This "rise and fall" is not coincidental, but rather a sign of capital moving from Bitcoin to other assets. Large funds need to create volatility to adjust their positions, and Bitcoin's sideways movement has just created space for other assets to perform.
3. The market is waiting for new narrative fuel. Currently, the Federal Reserve's interest rate cut expectations are not yet clear, and ETF fund inflows have also seen a brief pause, leaving the market lacking a direct stimulus for a surge. However, it is important to note that pullbacks are not a bad thing—they bring overly optimistic sentiment back to rationality and accumulate more potential buying power for the next phase. Just like a spring, the tighter it is compressed, the stronger the rebound momentum; the longer it consolidates, the more explosive the breakout tends to be.