#encrypted valuation shifts to revenue, how is BTC priced? This topic is hot, but CL doesn’t look at this in the short term. Now at 81.32, it hasn’t moved in 24h, funding rate is 0, open position size is 307,000, and sell pressure in the order book is dominant. The 1-hour and 4-hour trends are both upward, but the 1-hour is only 1.08% below the high; 82.21 above is short-term resistance. My take: short-term sideways to slightly bearish consolidation; for the medium term, as long as 74.66 holds, it remains a long bias structure.

In terms of operations: go long on a pullback to 79.96, stop loss at 78.90, target 82.21; if price breaks below 79.96, then look short down to 74.66, and a rebound to 80.80 can be short. Don’t chase orders—this volume is only 2.51 million, so slippage is large. Risk points: a switch in the BTC valuation logic may trigger market-wide volatility, and with the funding rate at 0, neither longs nor shorts have much confidence. Only once there is a breakout above 82.21 with volume, or a breakdown below 74.66, will the direction become clear.

——For personal views only and does not constitute investment advice. Wishing you successful trading.——