Currently, Bitcoin is in a phase of high-level consolidation, and the difficulty of operations has clearly increased compared to before. Although the price remains firmly within the historical high range, both the candlestick patterns and technical indicators show characteristics of a tug-of-war between bulls and bears, without a clear directional breakout signal formed. It is worth noting that the historical high and low range formed in May-June has been effectively broken, but the market has not taken this opportunity to initiate a trending market, instead falling into a more complex state of stalemate.
From a technical perspective, the price is at a sensitive balance point, and both bulls and bears lack the sustained momentum to push forward, reflecting the current market's urgent demand for fundamental catalysts—whether positive or negative, any news that can break the balance may become the trigger for market movement. Before a clear directional signal emerges, it is advisable to maintain strategic composure, focusing on the support and resistance transitions near the historical highs, while also being wary of volatility risks triggered by sudden changes in news.
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