Bitcoin's 4-hour level trend is still in a range-bound fluctuation. Although there was a breakout after the convergence completed at the 1-hour level yesterday, it rebounded without touching the key support at the 4-hour level during the downward test.
It can be seen that after the price dropped below $94,000, buying support significantly increased. Although the overall pattern remains in a box-bound fluctuation, the bottom support continues to rise, and bullish momentum is accumulating and gradually moving up at lower levels.
Market focus is on the GDP and core PCE data to be released tonight. These two key data points could become important catalysts for breaking the 4-hour range fluctuation and pushing the price to break through.
