Recently, Bitcoin's trend has been quite interesting. A few days ago, after the US inflation data was released, BTC rebounded from its lows back above 72K, and now it has risen to around 77.6K, with the market starting to focus on the key resistance level above.

I looked at some analysts' opinions, and there are still differing views. Some believe there is still room for further upward movement in the short term; they point out that if Bitcoin can break through the liquidity zone near 75K, it could trigger a large number of short positions to be forced to close, which would generate new upward momentum. But some analysts also warn of risks, noting that the largest short leverage de-risking event of 2026 has recently occurred. This kind of signal usually appears near local highs, so the current rebound might just be a short-term correction, and whether it can hold above higher levels remains to be seen.

However, from another perspective, investor behavior seems to be changing. The realized capital and stablecoin inflows for Bitcoin have improved, indicating that after a period of defense, market participants are gradually increasing their risk exposure. If this trend continues, Bitcoin may sustain the recovery trend since the beginning of the year. Overall, the current trend still requires close attention to the performance in the 73K to 75K range, as this should be the key to determining the short-term direction.