Bitcoin weekly chart is in a sideways upward trend, has entered the previous consolidation zone, but has yet to effectively break above this zone, repeatedly tugging back and forth, the market still has not broken the bearish wedge, currently a medium- to long-term high-quality short position.

Daily MA200: After 188 days of adjustment, it has tested the rebound for the first time; historically, the first test is difficult to break through directly upward, serving as a strong resistance level. Price hits new highs, but MACD does not confirm new highs, forming a daily divergence, indicating insufficient upward momentum.
During the rise, trading volume continues to shrink significantly, which is an unhealthy rebound signal, with insufficient bullish momentum.
Key defense: Not breaking below the retracement low of 79,200 still favors the bulls; if it breaks below effectively, go short with the trend.
Hourly chart shows repeated upward and downward spikes, narrow fluctuations, with random and disorderly movements, making conventional technical analysis difficult to accurately determine the cause of the rise or fall.
Under liquidity exhaustion, major players only need a small amount of funds to dump or push the price, making the trend easily manipulated.
The overall crypto market has low trading volume and insufficient activity, with narrowed volatility space, increasing trading difficulty.
Funds continue to flow into the US stock market (exchanges offer direct USDT trading channels for US stocks, reducing conversion and registration barriers), further diverting liquidity from the crypto market.
Resistance level at 82,000 can still be shorted, with a stop loss at the previous high of 82,800.