Bitcoin has been fluctuating within a range in recent days, with the lower defense line at 89,300 and the upper resistance levels at 90,800 and 92,020. To confirm a bullish trend, it must first effectively break through the high point on the left at 92,020, then continue upward to reach 94,780—note that it needs to stabilize at the daily close for this to be a valid breakout, which would lay the foundation for further gains. Currently, the movement is characterized by decreasing volume and sideways consolidation. During this phase, if the price does not form new major highs and lows, there is no significant structural shift at a higher level.

The key question here is whether the current pullback is a shakeout to trap traders or just a setup for a new high, waiting for you to jump in. You need to have clear criteria for judgment.

Focus on the support levels at 89,300 and 88,200. If the price stabilizes again above 92,020 and confirms that the retest does not break down, the likelihood of continued upward movement is high. Once it breaks through 94,800, the four-hour indicators are likely to show signs of fatigue. Instead of forcing a chase, it’s better to use time to gain space, allowing indicators to fully recover. Also, pay attention to the latest red descending trendline; standing above it is a true sign of strength.

According to the Trend 2.0 system, today’s upper band value is 91,484, and the lower band is 89,098. The price is still oscillating within a narrow range, moving between the upper and lower bands. The channel’s downward movement is slowing, and no clear structure has formed across different timeframes. As long as the daily close does not break below the lower band, holding positions should be safe.