The current market is repeatedly testing within a wide range, seeking a new consensus equilibrium. Macroeconomic policy expectations and geopolitical risk events are intertwined, intensifying the phased revaluation of asset prices. Uncertainty in the political agendas of major economies, along with swings in global liquidity expectations, have collectively fueled intermittent risk aversion sentiment, leading to technical consolidation in the crypto market. The market has completed partial deleveraging amid rapid fluctuations.

Currently, the bullish and bearish forces are in a stalemate near key levels. In the short term, it is advisable to closely monitor the capital feedback in important support and resistance zones, and to flexibly seize contrarian swing opportunities in highly elastic assets amid volatility. Stay focused and patiently wait for the right moment.

It is recommended to go long around 88,000 and 87,500, with the initial target at 89,800, and a breakout to 92,500.