Market turning points often occur quietly at the most exhausting moments.

Recently, Bitcoin's performance this week has indeed been very dull—every rebound is ruthlessly suppressed, as if caught in a never-ending tug-of-war. But from the details on the chart, things might not be that simple.

Having experienced many cycles in the market over the years, I know that this kind of boring fluctuation can easily cause traders to overlook the real signals.

**Where is the key signal? Look at the trading volume**

Bitcoin has attempted to break through around $94,000 three times, each time failing. Many people feel frustrated and see this as a sign of strong resistance. But if you look closely at the data, you'll notice an intriguing phenomenon: the trading volume during these three attempts has been decreasing each time.

From a different perspective—this suggests that the selling pressure from bears is weakening. If the main funds were truly fleeing in large amounts, it would be accompanied by huge trading volumes. The current shrinking volume indicates that retail panic selling is at play, rather than institutional-level suppression.

**Technical watershed**

A recent wave of correction precisely stopped near the Fibonacci 0.5 retracement level (around $86,500). This line is well known to technical traders—it often marks the boundary between bull and bear markets. As long as this level holds, the basic structure of the upward trend remains intact, and the possibility of a rebound is quite high.

Of course, all analyses are just possibilities in the market; investment decisions still depend on your own research and judgment.