The current Bitcoin market is showing a range fluctuation pattern, with long-term support as the lower limit and medium-term resistance as the upper limit. The market lacks a clear directional trend, belonging to a bidirectional operational range with no obvious trend. It is advised to avoid chasing highs or selling lows, and to wait for a clear breakthrough signal from the market before making any moves.

Recently, the market performance has been sluggish, with trading volume remaining low and volatility gradually contracting, resulting in overall suppressed sentiment. The cryptocurrency space lacks a clear market narrative, and in the short term, it needs to rely on external events to stimulate significant fluctuations. From a market trend perspective, the current environment leans towards weakness, and it is recommended to exercise cautious optimism while leaning towards defensive strategies.

Operational Strategy:

Bullish Opportunity: Pay attention to the support area nearby (such as 93500) for any pin bar formations. If a bullish candle closes, consider attempting to accumulate on dips.

Bearish Opportunity: Watch for resistance areas above (98000-99000). If there is a spike followed by a pullback, consider positioning for a short trade.