#BTC has not broken below 92800 significantly; the current trend is regarded as a technical pullback. Observing the one-hour chart, the price shows a gradually rising structure of oscillation with each low point being higher than the previous low, indicating a diminishing marginal selling pressure from the bears. Although there have been multiple unsuccessful attempts to break through the resistance level, the bulls are building momentum through continuous volume reduction and consolidation.

After the US stock market opened, the price of Bitcoin did not move in a one-sided trend as expected, but instead entered a phase of fluctuation with up and down spikes, repeatedly testing the price range of 955-947, with bulls and bears in a stalemate.

The current price is gradually stabilizing around 950. Although the main players have the intention to push the price above 960, there is significant selling pressure above 955, and it has failed to break through effectively for several days. Caution is needed; if the price falls back below 928 in the evening, the short-term upward trend may be hindered, and the 960 level will be difficult to reach. Currently, trading volume continues to increase, and market sentiment is becoming active.

Evening Operations
Short positions with light volume around 955 during the rebound; if the price further rises to the pressure zone of 960-962, additional short positions can be added. Key to observe changes in trading volume.

If the price reaches around 962 and trading volume significantly decreases, it will be regarded as an enhanced short signal.

First Target: 950
Second Target: 947
Additional target for significant decline: 938