In the last 4 hours, the price of Bitcoin has not broken through the previous range of fluctuations and is still oscillating within the old range.

After the price volatility narrowed within 1 hour yesterday, a downward breakthrough occurred, but it has not yet fallen to the key support level on the 4-hour chart before being pulled back up by buying pressure.

This indicates that as long as the price drops below 94,000, there will be a lot of funds actively buying in. Although the overall trend is still oscillating within the range, the support at the bottom during each decline is becoming stronger, and bullish sentiment is continuously accumulating at lower levels, with each low point of the pullback gradually rising.

Tonight, pay close attention to the release of the U.S. GDP data and core PCE data. These two important economic indicators may stimulate the price to break through the recent 4-hour oscillating range, resulting in a clear direction of rise or fall.