#BTC The evening split decision, do or kong...

Bitcoin previously attempted to break 95 two days ago but failed, and after a slight pullback, it has been consolidating at high levels, with intense do-kong battles. On-chain data shows that Bitcoin on exchanges is at its lowest level in history, which means less available to sell, limited selling pressure, and buying interest more easily pushing prices higher. Meanwhile, 801 is the short-term moving average, and approaching it tends to increase selling pressure. Another point is that whales are not exiting, remaining suspiciously active. So, it’s a sideways consolidation.

In the do-kong battle, both sides have their reasons. The bullish case is mainly due to continuous inflow of ETF funds and on-chain supply being scarce. The bearish case involves selling pressure at the 80k round number, geopolitical uncertainties, and macro liquidity risks. If it breaks below 770, it will test the 763 to 750 range; if it pushes above 790, it will attempt to break 800. Holding steady could push it further to 8.2.

Based on the current trend structure and capital inflows, without clear news of a break above 8, the possibility of breaking 8 is higher. #加密市场行情震荡