The market is currently at a critical stage. The price initially rose from around $65k to approximately $82.8k before starting to retrace, recently breaking below the short-term moving averages consecutively. The overall trend is somewhat weak, but there has been no true trend breakdown.

The current price is around $73.5k, while the 99-day moving average is just above $73k, which is also the most important support zone at the moment. Based on historical experience, large-scale corrections during a bull market cycle often find support near long-term moving averages, so a fierce battle between bulls and bears is likely to occur here.

If the price can hold above $73k in the next week and gradually recover the $76k to $78k range, BTC may attempt to retake the $80k level. Once it breaks through the $80k threshold, market sentiment will significantly improve, and funds will flow back into altcoins.

However, it is important to note that the global macro environment remains uncertain. Middle East tensions, Federal Reserve interest rate policies, and stock market volatility can all impact the crypto market. If new negative news emerges, BTC may continue to decline toward $70k or even around $68k to find support.

Overall, my outlook for the next month leans toward a “consolidation and bottom formation” phase. Rather than initiating a new rally immediately, I expect BTC to fluctuate within the $70k to $80k range, waiting for new market catalysts. From a medium- to long-term perspective, as long as $68k is not effectively broken, the overall bull market structure remains intact. Currently, this looks more like a deep shakeout during an upward trend rather than the start of a new bear market. @Gate广场_Official