#BTC

BTC Market Analysis：

Bitcoin has begun to consolidate at a high level. Is this a sideways move instead of a drop? After spiking to 94900 yesterday, it experienced a pullback, briefly touching around 91800, which coincidentally aligns with the short-term support level of about 92000 given in yesterday's analysis, a position indicated on the CME chart!

In terms of trends: On a smaller scale, signs of consolidation have appeared, starting to range around 93000-94000. From the chart, there has been no effective breakout above, and support has not been breached below. The focus in the short term is on the breakout situation within this range.

From the perspective of Fibonacci, there is strong support around 92000, with resistance around 96000!