On Friday morning, Bitcoin exhibited significant range-bound characteristics, with no effective breakthroughs of key resistance and support levels. From a technical perspective, market volatility has notably narrowed.

The 4-hour chart shows Bitcoin rebounding after a pullback, currently forming a high-position symmetrical triangle. Although the EMA maintains a bullish arrangement, the MACD volume is decreasing, and a divergence at the top of the K-line is appearing. Given the recent strong surge, caution is advised when chasing high prices to guard against the risk of a pullback.

In the morning, it is suggested to consider selling when rebounding to around 94,500. Key support is to be closely monitored in the 91,600-92,000 area; if stability is achieved within this range, a reversal to buy could be considered. The key resistance above remains at the 95,000 level.