Yesterday's high fell from 93915 to around 91370, continuing the daytime rebound early in the morning, rising to 94127 and then fluctuating around 93000. It still maintains a high-level consolidation pattern after the rebound, as technical indicators show overbought conditions leading to profit-taking. The price faced pressure when attempting to break higher resistance levels, but market trading remained active, and overall volatility narrowed, indicating a cautious sentiment at high levels. Currently, the price is still constrained by the daily MA30 moving average at 94300, with strong resistance remaining in the 95000-96000 range. Looking at the short-term four-hour chart, after experiencing seven consecutive bullish candles, the price action has narrowed, indicating a weakening upward momentum, and the risk of a short-term pullback has increased. During the day, attention should be paid to the strength of the pullback repair, with support levels to watch at 92500 (which broke through an important resistance yesterday and confirmed support on the pullback) and the 91500-91000 range! However, Bitcoin's overall rebound today is lower than that of Ethereum, so be mindful of subsequent recovery situations.
