The weekly chart for $BTC shows a state of oscillating upward movement, entering the previous consolidation zone but failing to effectively break above it. The price continues to seesaw back and forth, and the market has yet to break out of the bearish wedge. Currently, this is a prime mid-to-long-term short position. Daily chart MA200: After 188 days of adjustment, $BTC is testing the MA200 for the first time during this rebound. Historically, the first test rarely breaks upward directly, making it a strong resistance level. While the price has hit new highs, the MACD has not followed suit, forming a bearish divergence on the daily chart, indicating insufficient upward momentum. During the price increase, trading volume has consistently shrunk significantly, signaling an unhealthy rebound and weak bullish momentum. Key support: As long as the price doesn’t break below the pullback low of 79,200, bulls still hold the advantage. If it breaks below this level effectively, it’s a good opportunity to go short. On the hourly chart, the market is repeatedly spiking up and down within a narrow range, with random and chaotic fluctuations. Conventional technical analysis struggles to accurately determine the reasons for price movements. With liquidity drying up, major players can manipulate the market with minimal funds, making the price action prone to manipulation. The overall crypto market is experiencing low trading volume and insufficient activity, leading to narrower price movement ranges and increased trading difficulty. Funds are continuously flowing into the U.S. stock market (exchanges now offer direct trading of U.S. stocks via USDT, reducing conversion and registration barriers), further draining liquidity from the crypto market. Resistance at 82,000 remains a good shorting opportunity, with a stop-loss set at the previous high of 82,800.