$BTC

After lunch, let's discuss the current cycle pattern. The market is currently experiencing a critical technical adjustment. After touching 85200, the original strong upward pattern has been broken, and we have entered a consolidation phase of chip turnover. From a technical perspective, a potential head and shoulders formation is forming, which may lead to a weekly trend support near 82000.

The 82000 level is particularly worth paying attention to. When it reaches this point, there may be inducement behavior, and many people might choose to sell due to the head and shoulders pattern, but this could actually become an opportunity for reversal. From a larger cycle perspective, this may be a good opportunity for reallocation.

Focus on the support strength around 82000. If it stabilizes at this level, it will provide a good entry opportunity. The upper range of 89000 to 92000 requires vigilance, as this area may form a short-term top and trigger a pullback. Nevertheless, the final target expectation remains at 102000.

We are currently at a critical turning point, and the main force is undergoing necessary chip consolidation. This fluctuation is actually beneficial for subsequent healthy development. Patience is needed to avoid chasing prices at key resistance, while also paying attention to volume changes near support to gauge the true intention.