Analyst: The current short selling pressure has reached extreme levels but is facing resistance, and the market is at a critical decision point

Cryptocurrency market analyst Axel Adler Jr. stated that, based on the "Bitcoin price structure" and the "Bitcoin derivatives market pressure index," the current market has entered a critical decision zone. The support level of $86,400 has become the dividing line between bulls and bears: if it breaks down, it may open a downward path for re-evaluation of the lower channel; if it holds, there is hope for forming a bottom and brewing a reversal.

The Bitcoin derivatives market pressure index shows that pressure has reached extreme levels, yet prices have not declined in sync. This indicates one of two possibilities: buyers are actively absorbing selling pressure at the current price level (a bottoming signal), or the market is accumulating energy, which could lead to a rapid decline once support is broken. The lack of price reaction to extreme pressure is an anomaly that requires close attention.

Overall, the market is in a state of tense equilibrium, with selling pressure reaching its strongest monthly level but facing resistance. This could be a signal of strong support or the last pause before a collapse. The market is at a critical decision point.