BTC has been bouncing back and forth within the trading range of $80,000 to $95,000 recently, which is indeed quite frustrating to watch. However, according to the latest research reports from several institutions, this period of sideways movement is not as bad as it seems—it's highly likely just a technical adjustment within a bull run, not a signal of a trend reversal.

The current consensus in the market is that: in the short term, it may continue to oscillate between 83,000 and 95,000, and it seems a bit difficult to break through the previous high for now. However, there is a key level to watch closely — the 75,000 line. As long as it does not effectively break below this level, the overall structure remains relatively stable.

To be honest, this stage is the most tormenting for retail investors. They are afraid of catching falling knives when trying to buy the dip and worry about getting stuck when trying to chase higher prices. I think a more prudent approach is: don't expect it to surge violently right away, and don't panic and exit just because of the fluctuations. Consider gradually building a position near the lower edge of the trading range, and avoid impulsively chasing near the upper edge. Keep some bullets and wait for the direction to become clear before making further decisions.

If it really falls below 75,000 (although the probability is low), it would not be too late to reassess the risks then.

In my personal judgment, the market is currently waiting for a clear stance from the Federal Reserve. Before the expectations of interest rate cuts are realized, this kind of consolidation is actually healthy. Don't easily move your core positions that you can hold onto; if it drops, be brave enough to buy a little, and if it rises, don't get overly excited. Only then will you have the opportunity to participate in the next real upward phase.