The market structure is showing a bullish breakout trend. Currently, the price of Bitcoin is approaching the important threshold of 3900 USD. For investors with a bullish outlook, if the price can stabilize in the range of 3900-3930 USD, it will be a good opportunity to reduce positions.

However, for traders holding a bearish view, their hopes rest on two scenarios: first, that the price fails to break through $3900; second, that even if it does break through, it can quickly fall back. If either of these scenarios occurs, there is still a possibility of a market downturn.

It is worth noting that if Bitcoin successfully breaks through $3900, it will be the second significant breakthrough, potentially signaling stronger upward momentum. In this case, bears may face greater pressure.

Regardless, investors should closely monitor the price range of $3880 to $3930, as it may determine the market direction in the short term. At the same time, attention should be paid to changes in market sentiment, as the expectations and behaviors of market participants at this critical moment may significantly impact prices.