The BTC market logic remains unchanged. Influenced by fluctuations in the US stock indices, Bitcoin is currently using the 4-hour MA200 as the main support level, establishing a consolidation zone around 90,300. An obvious resistance zone is formed at 94,800, and the overall movement is oscillating within this range.

From recent performance, the price has only effectively retested the 4-hour MA200 support once, and at the 90,300 central point, there was only one effective test followed by a rebound. What does this indicate? Short-term bullish momentum is gradually accumulating. The rebound strength on each dip is increasing, and although it has not yet broken through the resistance above, the buying momentum is clearly building.

However, subsequent operations should closely monitor whether the 4-hour MA200 can continue to hold. If this level is effectively broken, a reassessment of the sustainability of the current bullish trend will be necessary.