The overall trend of Bitcoin prices shows a sideways fluctuation, with prices oscillating within a certain range, currently around 94352.5.
The market has experienced important patterns at multiple points, such as the bearish engulfing pattern, indicating potential risks of a decline in the short term. In the short term, the market has just undergone a round of increases and entered a consolidation phase. The AO and MACD indicators suggest that there may be signs of a bottom and rebound, but the balance of buying and selling forces keeps the market in a wait-and-see state.
Support and resistance levels indicate that the current market maintains an optimistic sentiment and has strong upward momentum.
Suggestion: Given that the market has recently remained in a sideways fluctuation, there may be signs of adjustment and potential rebound opportunities in the short term. Attention should be paid to the key support level below at 93777 and the resistance level above at 95768.6, especially the stability of the support level.
If prices continue to rise, consider going long in the short term and setting appropriate stop-loss points.