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Crypto Circle News: Intense battle between bulls and bears at 84,000, market makers hedge to suppress, whales are not panicking to sell BTC currently at 83,805, intraday dropped from a high of 85,258 down to 83,174, then a V-shaped rebound. Bulls do not want to lose control of 84,000, the bull-bear game is extremely fierce. Why the continued pressure? It is not panic selling, but market makers hedging sales ahead of tonight's $15.6 billion options expiry. Market makers passively sell near key strike prices to maintain Delta neutrality, causing resistance to price gains. Whale activity: On-chain data shows whales are not panicking to sell, spot ETFs still maintain net inflows, and the funding situation has not deteriorated. Market signals: The 1-minute chart shows a clear V-shaped reversal, KDJ (K:42.6, D:52.1) is low and sluggish, bulls strongly support below 83,000, matching bears evenly. Currently, price has returned to 83,800, with MA10/20 (84,089-84,402) above acting as resistance. Key level: 84,000 remains the core dividing line. After market makers' hedging subsides, if bulls break and hold above 84,000 with volume, a short squeeze may be triggered; otherwise, the range will remain between 83,000-84,000. Watch volume changes closely, avoid blindly chasing rallies or selling off. $BTC $ETH $ZEC #美联储重启加息，BTC为何仍有韧性？