The daytime market showed a fluctuating trend of rising first and then suppressing, with prices starting to rise from around 92600, peaking near the 94000 mark before the momentum weakened, and subsequently falling back to around 92700 for consolidation, maintaining a narrow range fluctuation pattern overall.
From a daily perspective, bullish volume continues to be released, with candlesticks showing a continuous upward arrangement, and the bullish trend structure is solid. Attention should be focused on the key resistance level near 96500, as whether it breaks through this position will directly affect the subsequent upward space.
On the 4-hour cycle, bullish volume has decreased, and prices are caught in a fluctuating consolidation, but the overall upward rhythm has not been disrupted, and the trend dimension still favors the bullish dominance.
In terms of operational strategy, it is recommended to follow the principle of trend trading, relying on the current bullish trend framework, mainly focusing on establishing long positions on dips, while being cautious of short-term pullback risks in the range fluctuations, and paying attention to changes in volume and breakthrough situations at key resistance levels, flexibly adjusting the position rhythm.
For Bitcoin, suggestions are around 92500 and 93000, targeting 94500 and 95000.
