The recent international situation has been tense due to the Middle East conflict, leading to increased fluctuations in the financial markets. Bitcoin, as a major representative in the digital asset space, has not been immune to this. Observing the recent Bitcoin market, it has tried multiple times to break through high resistance but has failed to do so effectively, resulting in a price pullback. From a cyclical perspective, Bitcoin is currently in a relatively high region, but it is worth noting that its peaks are showing a gradual downward trend, forming a "two advances, one retreat" pattern. The optimistic atmosphere that previously permeated the market has gradually faded, and currently, the forces of bulls and bears are basically in a state of balance.
Analyzing Bitcoin's recent performance, it can be found that even if the price experiences a rapid rise in the short term, appearing strong on the surface, such one-sided market movements often struggle to truly break the current market deadlock. To achieve a breakthrough, it is likely that the price will need to first pull back to the $90,000 area. Based on current market dynamics, this pullback may occur in the near future, and investors are advised to pay particular attention to next week's market trend, as this could become a key turning point for Bitcoin's price direction.