The current fluctuations of Bitcoin are the result of: technical pressure, high leverage speculation, macroeconomic uncertainty, and insufficient liquidity, all acting together. The market is in a fragile state of 'bull-bear balance' and needs to wait for external catalysts (policy/funds/sentiment) to break the deadlock.

Short-term strategy remains focused on range trading: 81120～84500, follow the trend after a breakout;

Bitcoin: 84500 is the lifeline for bulls, a breakout will accelerate the rise, near 85062.3, 86781.1, 88800

In the medium to long term, caution is needed as the bearish trend may continue. Falling below around 81000 requires attention: 79558, 78055, 75900❗

#BTC