Bitcoin's 1-hour timeframe performance remains quite interesting recently. From 98,000 retracing to now, it has been bouncing within the range of 94,200 to 95,700, repeatedly grinding. But if you look closely, each rebound's strength is weakening, indicating that the buying appetite is waning.

The technical signals are somewhat mixed. On the MACD side, DIF has already rebounded from a low level and is approaching DEA for a potential golden cross. Once it breaks above the zero line, a bullish restart could indeed be possible. As for moving averages, although the short-term MA has started to turn, it hasn't yet broken free from the medium-term resistance, which looks more like a correction after a pullback rather than a true reversal. Volume-wise, it's even more straightforward—shrinking volume consolidation, with new funds hesitating to enter, making a breakout through resistance unlikely.

Let's talk about key levels. Support is divided into two tiers: the first line is 94760. If this level is broken, it confirms a false breakout, and the price will likely retest the daily MA20 at 94200; the second support is 93000, which is supported by the previous platform and the lower boundary of the 6-hour channel, providing stronger support. Resistance also has two layers: above, 95700, where the upper boundary of the range and the upper edge of the big bullish candle on January 14 converge, making selling pressure more concentrated; further up, the zone between 97000 and 98000 forms a multi-cycle resonance resistance band. If a true breakout occurs, the next key level to watch is the 100,000 mark.

The core idea is this: weekends usually have smaller fluctuations, making it a good time for the main players to shake out positions. So, don't rush to chase longs. It's better to wait for confirmation at key levels before taking action, which will greatly improve the success rate. Never try to guess the top or bottom—that's a big taboo.