$BTC Currently, it is in the "end of bear market adjustment +震荡底部" stage, with no major breakthroughs in the short term (可能 continue to consolidate around 90K), but the long-term bull market logic remains intact (such as scarcity of supply and increased adoption). Many analysts believe this is healthy consolidation, and the rally may restart in 2026, but macro risks should be watched. Investment advice: control position size, focus on risk management, and avoid emotional trading.