Trading Moment | This post is co-produced by PANews and @BITstocks_CN BTC has surged past $86,000, and the 365-day moving average has been reclaimed. ETF net inflows exceeded $1.6 billion in the past 72 hours, with long-term moving averages and on-chain cost lines gradually strengthening. The market is shifting from questioning 'can it break through' to validating how far this bull run can go. But the short-term is getting a bit crowded: $88K–$90K is the next resistance level, FOMO sentiment has reached its highest point since 2024, and the scale of long liquidations below is noticeably higher than shorts. With the trend strengthening and short-term overheating happening simultaneously, whether $80K–$83K can hold will be crucial moving forward.