From a chip structure perspective, Bitcoin is currently in a typical base consolidation phase. Previously trapped positions are being fully digested through repeated oscillations, with sufficient low-level turnover and overall holding costs moving higher. Selling pressure is clearly exhausted.

Declines are becoming increasingly hesitant, while rebounds are increasingly decisive, indicating a shift in capital sentiment. When it drops, there are buyers. When it rises, there's no panic.

Overhead resistance appears to exist, but in reality it's a psychological level. Once volume breaks through, it will directly trigger trapped capital to return, leading to a trending move.

Trading suggestion: Buy near 2120-2090, target 2170-2200 upside, break above 2250
#加密行情震荡 $ETH $BTC $SOL