After Bitcoin broke through the $100,000 mark again, the market did not advance as expected, but entered a shock callback mode. This "cooling-off period after the breakthrough" seems unexpected, but it is actually the normal logic of market operation. The current market is neither a precursor to a trend reversal nor a signal of a bubble burst, but a halftime break with energy - the main force is washing the market, funds are rotating, and the market is waiting for the next opportunity to break out. Why did it pull back after breaking through $100,000? 1. Profit-taking after the psychological barrier $100,000 is not just a simple price number, but also a "watershed" of market sentiment. When Bitcoin stood at this key point again, a large amount of profit chips were accumulated in the short term. Some investors chose to take the money and take it for granted, and the main funds followed the trend to wash the market. This is a typical action after the market breaks through an important barrier. The essence of the callback is to digest the previous gains, allowing the chips to complete the turnover in the shock, and lay a solid foundation for the subsequent market. 2. The inevitable choice of capital rotation After Bitcoin broke through the new high, the market focus began to spread to Ethereum and altcoins. The recent market has shown signs: Bitcoin fell slightly, while Ethereum and some altcoins rebounded quickly. This "one rise and the other fall" is not accidental, but a sign of funds shifting from Bitcoin to other assets. Large funds need to create fluctuations to adjust their positions, and Bitcoin's sideways trading just makes room for other targets to perform. 3. The market is waiting for new narrative fuel The current Fed's interest rate cut expectations are not clear, and ETF fund inflows have also stagnated temporarily, and the market lacks a "explosion point" that directly stimulates the rise. But it should be noted that a pullback is not a bad thing - it allows overly optimistic sentiment to return to rationality and accumulates more potential buying for the next stage. Just like the tighter the spring is compressed, the stronger the rebound momentum, the longer the sideways trading, the more amazing the explosive power when breaking through. #Token launch platform competition intensifies