Current Bitcoin market status: 1) $81,000 - $88.41M sell wall: This is the strongest resistance signal on the order book. While there are massive sell orders, there isn’t a large accumulation of sell pressure, suggesting that the main short-sellers haven’t entered the market in full force yet. 2) OI dropped by 5.74%, leverage is being cleared, and FOMO buyers are retreating. If the price rebounds to around $81,000, a large number of shorts will face liquidation. 3) ETFs have seen 8 consecutive days of net inflows, indicating institutional buying is still ongoing, but the momentum is weakening. Yesterday’s net inflow was only $11.84M, showing that ETF institutions no longer have a strong appetite for buying $BTC. 4) U.S.-Iran tensions: Trump claims talks could restart as early as the 24th, while Iran denies it. Oil prices remain high. The negotiation and standoff between the U.S. and Iran is a tricky variable affecting Bitcoin’s price movement. The uncertainty is frustrating—either Trump pulls troops and admits defeat, or they start fighting already. This dragging on is pointless. 5) On the 4-hour chart, short volume hasn’t shown significant activity yet, indicating that major short-sellers are still waiting to enter. Long volume isn’t strong either, with bulls waiting for Trump to deliver some good news to rally behind. 6) On the daily chart, the price is still oscillating and rebounding within the Fibonacci ascending channel, hovering between the 0.786-1 levels. It seems like the bulls are determined to test the $80,000 area before giving up. Conclusion: $81,000 is the last line of defense for the bears, and there will be intense battles at this level. In the short term, consider going long at support levels and testing shorts at resistance levels. For mid-term strategies, wait for confirmation of a top in the $80,000-$81,000 range before making moves. For mid-term $BTC short positions, hold off for now. Wait to see if there’s progress in U.S.-Iran talks over the weekend, wait for the price to rebound to $80,000-$82,000, and wait for major short-sellers to enter the market in full force. Let the bullets keep flying—it’s a test of patience now.