The price of #BTC has been fluctuating within a fixed range for the past 4 hours, without any significant breakthrough or breakdown.

Yesterday, on the 1-hour chart, there were signs of a downward breakout, but ultimately it did not truly break below the key support level on the 4-hour chart, instead quickly rebounding. This indicates strong buying support at this level.

In simple terms: Although Bitcoin has been oscillating between 94,000 and 96,000 in recent days, there is always capital entering the market to buy when the price drops near 94,000, preventing a sustained decline.

This repeated testing of the support level shows that the market is increasingly "acknowledging" this price level, and the bullish forces are accumulating energy in this area.

Tonight, two major events need to be closely monitored:

1. U.S. first-quarter GDP data (reflecting overall economic performance)

2. Core PCE price index (measuring inflation levels)

If the results of these two data releases exceed market expectations, it may break the current oscillating pattern.

If the data is favorable, it may push Bitcoin to break through the 96,000 resistance level;

Conversely, if the data is unfavorable, it may trigger a technical sell-off, testing the 93,000 support.

Investors are advised to closely monitor price fluctuations before and after the data release and manage position risks.