Bitcoin maintained high volatility after breaking through the previous high of 97,895, with consecutive bullish candles on the 4-hour chart accompanied by increased trading volume, validating the effectiveness of the breakout. The MACD dual lines continue to stay above the zero axis, and the expanding histogram indicates a strengthening upward momentum; the 4-hour breakout accompanied by increased trading volume aligns with the 'volume precedes price' logic for upward movement; the daily price remains above the EMA bullish defense line. If it retraces without breaking this position, the short-term trend is still bullish. Short-term dividing line: 5-day EMA (currently at 96,500) is the key support. If the price pulls back to this level without significant volume breakout, it can be seen as a bullish entry signal. Core support range: 92,000-94,000 (lower edge of the 4-hour central axis), if unexpectedly broken, it may trigger technical selling pressure. Upper resistance 98,500-100,000 psychological level.

• Bullish strategy: Accumulate positions in batches at 96,000-96,500, stop-loss at 95,000, target at 98,500$BTC