#BTC Tonight’s decisive moment—will it be dog or kong…

Bitcoin hit a high at 95 two days ago but failed to break through. After a modest pullback, it’s been consolidating at elevated levels, with intense do–kong competition. On-chain data shows that Bitcoin on exchanges is at its lowest level in history. This means the amount available for sale is reduced, selling pressure is limited, and buy-side demand can more easily push prices higher. Meanwhile, 801 is the short-term holding average line, and when price comes near it, there tends to be heavier selling pressure. One more thing: the whales haven’t stepped out—activity remains suspicious. So it’s a period of sideways consolidation.

In the do–kong battle, both sides have their chances. On the upside, the main driver is that ETF funds keep flowing in, and on-chain supply is scarce. On the bearish side are selling pressure around the 80,000 integer mark, plus uncertainty from geopolitical factors and macro liquidity. If it breaks below 770, it will test the 763 to 750 range. If it then pushes up to 79, it will probe the level above 8. And if it can hold steady, it may rise another level to 8.2.

Based on the current trend structure and capital inflows, before there is any clear do–kong breaking news, the likelihood of breaking 8 is higher. #加密市场行情震荡