Bitcoin has recently gained momentum again, successfully standing above $92,500, and has initiated a new upward trend from this point. The price is currently still above $92,000 and has stabilized above the 100-hour moving average, indicating that the short-term trend remains strong.

Currently, BTC is consolidating between $92,500 and $93,000, as if it is "resting and gathering strength." As long as it can regain and hold above $93,000, Bitcoin will have the opportunity to continue pushing towards $93,500 or even higher.

Although on the hourly chart, the price briefly fell below the ascending trend line near $93,000, as long as it can stabilize in this range afterwards, it will not affect the overall structure. Simply put: this wave of increase is relatively healthy, and it just needs to confirm a "successful pullback."

There are two key observation points moving forward:

① Can the support at $93,000 hold?

This is the "threshold" for the short term. Holding it = likely to continue rising; failing to hold = will return to the $92,000 to $92,200 range for consolidation.

② Can $93,500 be突破?

If it breaks through, the market may rise rapidly, as the resistance above this level is not dense, making it easy for buying pressure to push prices higher.

Overall, Bitcoin's current trend leans towards bullish; as long as the $93,000 level holds, the next target will be to challenge $93,500. If the breakthrough is successful, the market may welcome further short-term strengthening opportunities. The key now is whether BTC can maintain upward momentum after the fluctuations.