From the four-hour perspective of the evening Bitcoin chart, the previous three consecutive bearish candles indicate a downward probe, but the momentum is gradually weakening. The retracement is far less than the previous upward move, yet it has not broken out of the medium- to long-term upward channel. Currently, it is stuck in a horizontal range with a tug-of-war between bulls and bears. After the price tested the lower boundary of the channel, it consecutively closed with bullish candles, stabilizing above the middle band of the Bollinger Bands, further confirming that the scope for this correction is limited.

From the one-hour cycle, the bearish momentum is weak, and the downward space is significantly compressed, resonating with the four-hour trend. The short-term pullback is essentially a phase of preparatory adjustment.

Trading Suggestions
Bitcoin: Buy on dips around 92400-93200. After effective stabilization, the upward target can be set around 94300-95600.

Altcoin: Buy on dips around 3180-3210. The upward target can be set around 3265-3310.