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Bitcoin 1-hour trend is quite interesting. Currently stuck around $95,131, oscillating within the short-term moving average area. Looking downward, $94,760 is a strong support. If it truly breaks below, the daily MA20 could also be tested. Looking upward, $98,000 is in sight, but breaking through this barrier won't be easy; it requires volume, otherwise it's just talk on paper.
The current rebound momentum is waning, and bulls and bears are seriously contesting this watershed. Market volatility may intensify further, so it's crucial to clearly identify support and resistance levels to have confidence. The next key point is whether we can see a volume breakout above $98,000; otherwise, it will be a repeated high-level consolidation, and the sideways pattern will be difficult to change in the short term.