BTC Market Analysis

Recently, many people have been quite conflicted about the trend of Bitcoin. On one hand, they hope it quickly breaks out of the sideways consolidation zone, while on the other hand, they worry that once it starts a one-sided trend, they won't be able to cope. This contradictory mindset is similar to how some friends feel about the 'special period'—they both wish for it to end soon and are afraid of its sudden arrival, causing significant inner turmoil.

However, everyone should remain calm. From the current situation, it is highly likely that Bitcoin will find a clear direction next week, especially tonight, so everyone must pay close attention to market dynamics. I have already mentioned the top and bottom positions of the consolidation zone, so I won’t elaborate further.

Now, let’s move on to today’s market analysis:

Last night, Bitcoin attempted a small upward surge but then retraced. Today, the key focus is on the crucial position of 84800. As long as the price does not fall below this level on the 4-hour K-Line chart, even if there is a small pullback, it is highly likely to continue rising afterward. If the price can stabilize and move upward, the following key resistance levels to pay attention to are: 85465, 86100, 87260, and around 88500.