BTC ETH Let’s analyze some data: Yesterday, Bitcoin briefly touched 74. From the positions held, we can see that the funds from both bulls and bears in the market haven’t shown signs of exiting yet. In other words, the short positions that entered near 70 during the consolidation phase haven’t surrendered, and the trend-following long positions that entered near 70 haven’t taken profits either. Both sides are still engaged in intense competition. The main funds on spot leverage above 71 are mostly staying on the sidelines, which aligns with the usual operating habits of spot leverage funds. Summary: Bitcoin is still within the consolidation range and hasn’t effectively broken through the key resistance level of 72-73 from the past month’s consolidation trend. This is also why the bears in the market haven’t massively stopped out and exited.