币界网报道：Bitcoin briefly retested the $10,800 level amid conflicting market signals, as analysts remain divided on the cryptocurrency's short-term trajectory. While some traders point to bullish on-chain metrics like rising exchange outflows and stablecoin inflows as signs of accumulation, others warn of potential downside risks due to weakening technical indicators. The leading cryptocurrency has been consolidating between $10,500 and $11,000 for nearly two weeks, with neither bulls nor bears establishing clear dominance. Market observers note that Bitcoin's correlation with traditional markets has decreased recently, potentially reducing its vulnerability to macroeconomic shocks. Derivatives data shows open interest holding steady near all-time highs, suggesting continued institutional participation despite the price stagnation. Several analysts suggest the current consolidation phase could resolve with a breakout in either direction, depending on whether key support at $10,500 or resistance at $11,200 gives way first.