BTC has just experienced a "volume surge and rapid rebound" market, reflecting emotional trading and concentrated leverage liquidations. On one hand, overbought signals (RSI100) indicate heavy short-term selling pressure and increased risk of a pullback; on the other hand, technical analysis shows sideways consolidation, with some short-term funds attempting to "buy the dip" and rebound, but trading volume has not significantly increased, indicating participants remain cautious.

In terms of public opinion, there are significant disagreements between bullish and bearish views, with frequent liquidation events (over 440,000 people in a single day, with liquidations totaling $2.114 billion), indicating that trading risks spike sharply in extreme market conditions. Most mainstream KOLs remain on the sidelines or bearish—216 people are bearish, while 297 are bullish.