New Fire Research Institute stated that Bitcoin recently made a rapid reversal from its low point and surged to around $80,000. After approaching its previous high, it has maintained consolidation, showing some early bull market characteristics. However, part of this rapid rise was driven by short covering and liquidation, so it’s not yet fully confirmed that long-term spot buying has returned. In the short term, BTC resistance levels to watch are $78,500–$82,000, and support levels are $72,400–$73,500. Looking at the mid-term, factors like reallocating funds from crowded AI trades, clearer U.S. regulations, and the tokenization of traditional financial assets may become key drivers for the next phase of the crypto market. New Fire Research Institute has been consistently signaling since mid-May that the market has entered a high-value zone, and reiterated this view twice near $60,000 BTC on July 6 and July 13. https://(wublock123.com)/news/news-67148