Currently, tensions in the Middle East continue to escalate, and global financial market fluctuations are intensifying. As an emerging asset, Bitcoin (BTC) has not been able to remain unaffected. Observing recent trends, it can be seen that Bitcoin has attempted multiple times to hit price peaks but has consistently failed to achieve effective breakthroughs, followed by price pullbacks. From a cyclical performance perspective, Bitcoin is still at a relatively high level, but it is worth noting that its peaks are showing a gradual downward trend, forming a "two steps forward, one step back" oscillation pattern. The earlier optimistic sentiment in the market has gradually faded, and the current bullish and bearish forces are largely in a state of equilibrium.

It is worth noting that whenever the price of Bitcoin experiences a rapid surge, it superficially shows a strong trend, but this short-term movement is not enough to break the current market deadlock. Personal analysis suggests that in order to truly break through the current consolidation state, we may need to first see the price pull back to just above $90,000. Based on current market dynamics, this adjustment process may not be prolonged. Investors are advised to pay close attention to the market performance next week, as it may bring critical turning signals for Bitcoin's subsequent direction.