Bitcoin is caught in high-level fluctuations; is it 'the calm before the storm' or a top formation?

Compared to ETH, Bitcoin shows obvious resistance, currently maintaining a fluctuation range of $83,000 to $88,000. However, this apparent stability is raising deeper concerns in the market:

On the technical side, the $83,000 support level for Bitcoin has been repeatedly tested, and if it fails, it will face the psychological barrier of $80,000.

On the macro side, the Federal Reserve's monetary policy has not yet shifted, and real interest rates remain high, with gold and U.S. Treasuries attracting safe-haven funds again.

On the sentiment side, according to a multi-platform public opinion tracking system, the frequency of keywords like 'bearish' and 'collapse' has reached a new high since November 2023 in the last 30 days, with market sentiment rapidly shifting from greed to fear.

Do you think Bitcoin is heading into a bear market or a bull market next?