As of now, Bitcoin is fluctuating around $95,500. The one-hour chart shows a subtle state of balance — both bulls and bears are vying for control. Behind this stalemate, institutional funds are quietly deploying, and the short-term direction depends entirely on who can first break through the key levels.

From a technical perspective, the battle between support and resistance is particularly evident. Looking downward, $94,800 (the four-hour midline) is currently the last line of defense for the bulls, with multiple touches supported by funds. Below that, there is the $94,200 level, which is the Fibonacci retracement line (0.618), forming a relatively safe bottom with two layers of defense. The one-hour Bollinger Band lower band is near $95,200; as long as this level is not broken, the bullish structure remains intact.

Looking upward is the real battleground. The $96,000 round number resistance is especially strong — round numbers tend to trigger psychological battles. Further up, the resistance levels at $96,300 (one-hour midline) and $97,000 (previous high) are connected, representing the tough hurdles bulls must overcome to push higher. Volume is key; it needs to be at least 1.2 times the recent 24-hour average to truly open the upward space. Now, it all depends on whether there is enough buying interest willing to step in at these levels.