From a multi-timeframe perspective, BTC is consolidating at high levels in the short term, with upward momentum slightly weakening. The hourly and 15-minute charts show that moving averages are all bullish, and the medium- to short-term trend remains strong, but indicators such as MACD, RSI, and KDJ are all in overbought territory, indicating that short-term buying power has been largely released and a technical correction is needed. Although trading volume has modestly increased and market sentiment is positive, the long positions' unrealized gains have significantly grown, making it susceptible to profit-taking.