Short-term support level 96160 is the core observation point for today's pullback. If the price stabilizes at this level and does not break below it, the bullish trend remains, and upward momentum may continue. Lower defense level: if it breaks below 96155, caution is advised for an hourly level pullback, with further support focusing on the 95290-94415-93445 range. Among these, 93445 is a strong support area that has been tested multiple times recently; if it is lost, it may trigger a deeper pullback. First resistance: 97260, after breaking through, look towards 97866 and 98500. If market sentiment cooperates, it may challenge the 100,000 mark. Currently, Bitcoin is at a critical period of bulls and bears, so it is important to pay close attention to the 96160 watershed. If it holds, the upward trend will continue; otherwise, it may pull back to the 93445 support. It is recommended to flexibly adjust positions based on real-time volume changes, while also noting the impact of the evening Federal Reserve dynamics on market sentiment.