Recently, the price of Bitcoin has been fluctuating around high levels, with intense battles between bulls and bears, causing the market to become stuck in a stalemate. Despite multiple attempts to break upward during the trading session, short-term selling pressure has led to repeated pullbacks to the support area, forming a clear range-bound pattern. Observing the market data, the price has faced multiple setbacks near key resistance levels, while the buying support below is equally strong, indicating an increasing divergence between bulls and bears. Market sentiment leans towards caution, with short-term funds frequently entering and exiting at high levels, resulting in amplified volatility, but overall, it has not managed to escape the sideways range. This sideways consolidation reflects investors' wait-and-see attitude before making directional choices, while also accumulating momentum for future trends.

Based on a comprehensive assessment of technical patterns and market sentiment, Bitcoin is expected to end its fluctuation and continue its upward trend in the short term. The current price has gradually stabilized above the key support area, and the hourly K-line shows signs of rising lows, indicating that bullish forces are gradually taking the initiative. Although there is some selling pressure above, the magnitude of the pullback is gradually narrowing, and buying is actively supporting at key positions, suggesting that market confidence is strengthening. Moreover, if the price can effectively break through the upper boundary of the recent range-bound box, it may attract more incremental funds into the market, accelerating the upward momentum. In the medium to long term, the market remains in an upward channel, and pullbacks can be seen as opportunities for positioning. It is recommended to pay attention to breakout signals and act accordingly.

Short-term trading advice:
Bitcoin is bullish around 84000, with a target focus near 86000; Ethereum is bullish around 1600, with a target focus near 1680.