#美国就业数据不及预期 BTC has been stuck in the $80,000–$95,000 range.

Recently, on-chain chip distribution charts show that Bitcoin's price has been repeatedly stuck in this critical zone, and the reason is straightforward: there is a large amount of selling pressure above.

Looking into the details:

This range has accumulated a lot of recently built positions, forming a clear cost concentration zone. Every time the price pushes up into this area, it faces significant selling pressure, and several rebounds have failed. Interestingly, during the pullback, the buying support below has always been present, with no signs of panic selling.

This doesn't look like panic escape; rather, it appears to be a process of high-level chips repeatedly changing hands and gradually digesting.

**The real key here**: As long as the $80,000 support line holds and new buy orders continue to enter and accumulate demand, the supply pressure above will eventually be absorbed. Once this cost concentration zone is broken, BTC could enter a new trend phase instead of continuing to stagnate.

The current oscillation is not a sign of the end of the market, but a "preparation period" before an upward move. The key indicators are whether the $80,000 demand base can stay steady and whether buying power can continue to strengthen.

We will continue to analyze the chip structure with on-chain data and share updates.

$BTC