Recently, Bitcoin has been repeatedly tugging around the key level of 85,000, with bears and bulls trading blows here. Sometimes the downward momentum looks fierce and seems ready to break below, but it’s forcibly pulled back; other times it tries to push upward but gets suppressed. This sideways consolidation looks tense, but after watching the market for a few days, I’m increasingly confident about the future— the short-term decline cycle is nearing its end.

First, let’s discuss the most critical signal behind this sideways movement. Around 85,000, Bitcoin has tested this range multiple times. Even when it briefly dips below, there’s no sign of accelerated decline. What does this indicate? It’s not that the bears are truly exhausted, but rather that there’s an invisible force of funds continuously "receiving the position" from below. To put it plainly, 85,000 acts like a defensive line—each time the bears attempt to break through, this line holds firm. Strength? I’d give it a perfect score. The formation of this support usually signifies that the market has enough consensus, and large capital is voting with their actions.

Looking at the technicals, the MACD has already issued a golden cross signal, and the bullish volume bars are gradually rising. Don’t underestimate this signal; it’s not the retail traders pushing it up. It’s clearly institutions or big players "gradually deploying." Some might say, does a golden cross necessarily mean an upward move? Alone, it’s not enough to be certain. But when combined with the strong support mentioned earlier, the credibility of this golden cross is greatly enhanced. It’s like a battlefield—if the front line holds the defense, and the rear continues to supply troops and resources, the overall situation favors the bulls.

From the supply and demand perspective, the large-scale accumulation at low levels, combined with the resonance of the golden cross in technicals, forms a relatively clear "bottom feature." This isn’t some complicated theory; it’s simply market participants using capital and volume to tell us: this position is worth buying. How to proceed next depends on individual risk tolerance, but from both technical and capital perspectives, the probability of further sharp declines in the short term is decreasing.