1. Current key observation points in the market

1. The importance of breaking through the top of the consolidation zone (4-hour level)

- Core position: 96460 is the upper resistance level of the short-term consolidation range and is a key signal to determine whether the 4-hour correction has ended.

- Expectations after stabilization:

- If the price continues to close above 96460 within the 4-hour period, it indicates that the bulls are regaining control, the short-term correction has ended, and the market may restart the upward trend.

- Key positions for upper resistance levels need to be monitored in three key areas:

- First resistance level: 97300 (short-term technical resistance);

- Second resistance level: 97865 (previous dense trading area);

- Third resistance level: 98495 (key node for medium to long-term trend).

2. The risk of not breaking through the top of the consolidation range

- If the price cannot stabilize above 96460, it indicates that the bears still have the upper hand, and the market may continue to correct:

- First support level: bottom of the consolidation zone at 95800 (beware of breakdown risk);

- The downside space after breaking down:

- Looking down to 95000 (psychological support at the round number);

- Further probing down to 94110 (near the previous low);

- In extreme cases, it may test 92848 (medium to long-term trend support zone).

2. Operation strategy suggestions

- Aggressive traders:

- After stabilizing above 96460, consider light positions to try going long, targeting 97300 and 97865 sequentially, with a stop-loss set below 96460 (like 96000).

- If the price falls below 95800, consider short-term short positions, targeting 95000 and 94110, with a stop-loss set above 96000.

- Conservative traders:

- Wait for a clear breakout signal (like a significant close above 96460 or an effective drop below 95800) before entering the market to avoid frequent stop-losses in the consolidation range.

3. Summary

- Bull-bear dividing line: **96460 (4-hour level)** is the core indicator for judging short-term trend reversal. If it holds, it is bullish; if it breaks, it is bearish.

- Key range: The current market is within the **95800 (bottom) - 96460 (top)** consolidation range, and the breakout direction will determine the short-term trend rhythm.

- Risk warning: Market fluctuations are influenced by multiple factors such as macroeconomics and policy news. Comprehensive analysis should be combined with trading volume and market sentiment, and strict control of position and stop-loss is required during operations.

One-sentence conclusion: Short-term attention must be paid to the breakout situation at 96460. If it holds, the upward space opens up; otherwise, a correction may continue. It is recommended to follow the trend and manage risks well.$BTC #比特币走势