The large pancake has entered the consolidation phase at the hourly level, $BTC
Yesterday, after a surge to 95100, it continued to fluctuate, and the current price is fluctuating around 94300, with the short-term trading range converging to the 93500-95100 range.
From the market observation, there are signs of slight expansion in the fluctuation range, with the upper pressure level to watch at 95500 and the lower support moving down to the 92000 area.
Currently, the market lacks sudden news stimuli, and the technical aspects show typical fluctuation characteristics.
Prices are repeatedly tugging back and forth within the range, and trading volume has not shown significant expansion, making it highly likely to maintain the fluctuation pattern in the short term.
From an operational perspective, it is recommended to focus on the breakout situation at the boundaries of the range, especially the volume coordination when the price breaks through key points,
This will determine whether the subsequent trend continues to fluctuate or develops into a one-sided market.