$BTC From the market perspective, Bitcoin is currently in a key balance zone between bulls and bears. The price is fluctuating in a narrow range near 92300, with 92500 serving as the short-term dividing line for strength and weakness. If it can effectively break through, it will open a channel for movement towards 93500. Currently, the support below is solid, with the 91800-91500 range forming multiple technical resonances. As long as it stays above this range, the overall structure will maintain a bullish oscillation pattern.
The momentum indicators show that the bulls are gently gaining strength. The 4-hour RSI remains above 50 in the strong zone, and the MACD green momentum bars are beginning to show, with the fast and slow lines trending towards a golden cross near the zero axis. Although volatility has temporarily contracted, this often indicates that the market is in a consolidation phase before a significant event, rather than a weak signal.
In terms of operations, attention should be focused on the price testing the 92500 resistance level. An effective breakthrough can be seen as a short-term strengthening signal, and it may be wise to position accordingly. If it first tests the 91800-91500 support area and stabilizes, it will also provide a low-entry opportunity. As the Federal Reserve meeting approaches, if the market coincides with dovish signals from news, then it will usher in the last dance of a bull market.
