Looking at the long-term chart, as long as the resistance level above is not broken, sellers still hold the initiative. But switching to a short-term cycle reveals some interesting changes — over the past four days, the price has been consolidating within a range, with a clear bias towards the upside. The upward breakout signal in this short cycle is worth noting, as it may indicate the upcoming direction choice. BTC is currently at a critical technical junction, where the forces of long and short cycles are in a tug-of-war.