$BTC surged and then fell back, the range is still the main theme
BTC surged to the 93500 level but couldn't hold, experiencing a short-term pullback, and is currently oscillating around 92000 again. The 4H level is still running above the middle Bollinger band, but the upper band is under clear pressure, and the trading volume has not effectively increased, indicating a consolidation after a rebound rather than a one-sided acceleration; the 15-minute high has pulled back, and the MACD momentum has weakened, making the cost-performance ratio of chasing long positions not high in the short term. Although the daily chart maintains a repair structure, the trend has not completely strengthened, and more time is needed to exchange for space.
Overall, BTC is in a high-level oscillation digestion phase, not chasing highs or being aggressive, waiting for the key range to give direction.
Resistance: 93500, 94500
Support: 90500, 89200
Operational Thoughts:
A bearish approach near the resistance level during the rebound, considering low long positions when testing the support level, mainly focusing on high selling and low buying within the range, waiting for an effective breakthrough to follow the trend.
