BTC Bitcoin's short-term cycle is currently forming an upward channel structure. I still believe in strong consolidation here. The core idea is actually this: the longer the consolidation lasts, the more optimistic I am about a future price surge. The 82,000 level is the lower boundary of the consolidation range after last year’s big drop, making it the first resistance level everyone is watching. 82,000 is also the rebound high from May this year. For many technical analysis bloggers, besides these two obvious resistance points, 82,000 happens to be a key position marking the long-term bull market boundary, such as the yearly line or the 50-week moving average. Many people see breaking through this bull market boundary as the critical bear-to-bull transition point. One way for big institutions to maximize profits is to break through here to above 90,000, then initiate a deep pullback. This would be completely unexpected but could trap all the latecomers who believe the bull market has arrived, locking them in at short-term highs. It’s very frustrating but also quite logical. I’m very optimistic about a new wave of crypto momentum at the end of the year after sufficient consolidation and shakeouts—this would be the fifth doubling opportunity of the year. For now, stay patient and hold onto your core positions without moving.