Bitcoin remains steady at high levels after a correction! $88,500 has become the new anchor point, and the short-term direction of BTC is beginning to emerge. On January 29, news reports indicate that despite recent pullbacks, Bitcoin's price continues to stay in a high range. Crypto analyst Crypto Rover pointed out that, based on historical valuation models, Bitcoin is still approaching the "overheated zone," indicating limited room for significant short-term upward movement, and the market is more likely to enter a consolidation phase. As of now, Bitcoin hovers around $88,500, with a slight decline over the past 24 hours. Nevertheless, the price remains well above previous long-term accumulation zones, suggesting that market sentiment has not yet fully recovered. In past cycles, similar structures often experienced deeper corrections before initiating more sustained upward trends. From a valuation perspective, the current region is marked as "very expensive," implying that the risk-reward ratio is no longer favorable. Historical data shows that chasing gains at this stage can be unstable. In contrast, more ideal medium- to long-term entry points usually occur at lower valuation bands, often accompanied by panic-driven pullbacks. However, Crypto Rover believes that the $80,000 to $100,000 range could form a new bottom zone, highly coinciding with previous consolidation and demand-rich areas. Macroeconomic uncertainties also influence short-term performance. The market is awaiting key policy signals from the Federal Reserve, with liquidity prospects still unclear, prompting some funds to temporarily reduce risk exposure. Bitcoin has historically experienced volatility around major macro events, so cautious sentiment is expected to persist in the short term. Discussions on social platforms also reflect clear disagreements. Some traders worry about further declines, while others plan to accumulate in stages at lower prices. This tug-of-war typically occurs during phases when the trend is shifting from rapid movement to stabilization. It’s important to note that being at a high level does not necessarily indicate a trend reversal. From a long-term perspective, Bitcoin still maintains key moving averages, and the overall trend remains upward. Institutional demand through ETFs and corporate allocations continues to provide fundamental support for the market. Short-term fluctuations are more like rhythm adjustments rather than a change in direction. #金价突破5500美元