Since the rapid liquidity release in late November last year, BTC has been stuck above $80,000, trading sideways for 52 trading days. During this period, the market seems calm on the surface, but many interesting changes have been happening internally.

Initial panic sentiment has gradually dissipated, and selling pressure has been fully released. The prolonged sideways movement has led market participants to go through multiple rounds of rotation, with those lacking patience already exiting, leaving only the patient holders.

From a daily technical perspective, the situation is becoming increasingly interesting. The candlesticks have already broken above the MA30 and MA60, indicating that the price is breaking free from the previous downtrend channel. More importantly, since the $84,500 level on December 19, each subsequent retracement low has been slightly higher. This clearly shows that—buying interest is competing for dominance, and the bulls are beginning to release energy in an orderly manner.

This is easy to understand. Although the overall environment remains bearish, a bear market cannot continue downward indefinitely. If the speed and intensity of the decline from late October to mid-November last year had continued directly, the entire bear market could have been completed in less than four months. But logically, that doesn’t make sense, and it’s also difficult to force out the true long-term holders. The decline was too rapid, the duration too short, so the rebound and sideways consolidation naturally release bullish buying power.

From this perspective, short-term BTC is very likely to further tilt towards the bulls. A more obvious upward trend may be brewing.