1. Market Overview

Based on the latest candlestick data, Bitcoin's current closing price is $91,253.3, with the market consistently fluctuating around this key level. The past 14 days of daily data show that prices have mainly ranged between $88,839.0 and $94,444.4, with recent signs of increased volatility and wider swings. Volume indicators on daily charts show repeated fluctuations at high and low levels, but recent days have seen a clear increase in trading volume, such as the latest day reaching 10,912.1 coins, significantly higher than previous trading days. Hourly data show repeated tug-of-war between $90,000 and $92,000, with short-term volatility intensifying. Hourly trading volumes mostly stay between 100 and 600 coins, with occasional large trades at higher levels, indicating phased strategic positioning by major funds. Combining recent news and analyst comments, market sentiment leans towards cautious optimism. Short-term bulls are attempting to control the scene, but key resistance levels have yet to be broken, while increased capital inflows provide some flexibility.

2. Technical Analysis
According to 14-day daily data, Bitcoin's lowest point was $88,379.9, and the highest reached $94,444.4. The current candlestick pattern shows "high-level wide-range oscillation," without a clear trend. On daily charts, strong support is concentrated between $88,500 and $90,000, with major players showing strong willingness to absorb sell-offs, as evidenced by multiple rebounds after dips in recent days. Resistance levels are mainly around $92,800 to $94,000, representing recent high points that have repeatedly been tested but not effectively broken through. Short-term hourly charts show continuous tug-of-war around $91,000, with significant volume accompanying key price levels, indicating market focus on this level. Volume trends show the maximum daily trading volume occurred 14 days ago at 19,778.7 coins, then quickly declined, maintaining around 10,000 coins as volatility shrank. In the past 48 hours, hourly charts show that during rapid price swings, volume spikes are evident, especially when prices hit the $91,500–$92,000 resistance zone, with multiple large trades exceeding 900 coins. However, volume has not sustained, indicating limited momentum for upward breakthroughs.

3. News and Policy Interpretation
Recent market news shows that short-term events have a direct impact on price structure. For example, ETF net outflows and large buy orders from authoritative institutions have shaken short-term market sentiment. Positive news such as "Strategy increased holdings by 13,627 BTC at an average of $91,519" has coincided with recent stabilization around $91,000 and increased volume, indicating large investors' support. Conversely, a short-term ETF net outflow of 3,734 BTC (about $33.89 billion) provides evidence of upward pressure limits, as prices soon failed to stay above $92,000. There are no new regulatory developments; the current policy environment remains stable, with limited impact on the market.

4. Analyst Opinions
A clear analyst view states: "BTC only reaches around $90,800, didn't hit $91,000, no open orders, canceled orders, no longer hanging." This aligns with hourly data, where recent attempts to test $91,000 have failed to stabilize. Another analyst suggests: "Congratulations to those who followed the BTC long positions—short-term profits can now be taken, with 50% of medium- and long-term holdings remaining for cost basis protection near current prices." This strategy matches the candlestick data, with profits taken after a short-term rally, while some positions are held for further confirmation. Additionally, multiple analysts recommend: "Take profit on 50% of BTC long positions; today’s second batch of gains! Execute decisively, no hesitation. #BTC," emphasizing short-term trading and timely profit-taking.

5. Future Trend Prediction and Trading Advice
Based on current candlestick and volume data, Bitcoin's short-term main trend is "high-level oscillation, with both sides at a stalemate." If prices can effectively break through the $92,800–$94,000 zone, new highs may be tested, with close attention needed on volume changes in this range. Support levels are at $90,100–$90,800; a break below could trigger technical retracement risks toward $88,500–$89,000. Trading advice suggests that bulls can consider taking profits at resistance levels around $91,800–$92,000. If prices fall back to $90,800 or below with strong support, tentative positions can be tested, but strict stop-losses are necessary. The downside support is at $89,000; a break below suggests abandoning bullish strategies and waiting for new signals. Long-term investors are advised to maintain positions with 50% profit protection and trailing stop-loss strategies.

6. Risk Warning
Combining candlestick and volume changes, there is significant volatility and uncertainty around the $91,000–$92,000 level. Some large trades have not resulted in sustained upward momentum. The market is prone to false breakouts or false retracements triggered by news or rapid capital shifts. Caution is advised against high-volume surges that do not lead to further gains. Support levels at $90,100 and $89,000, if broken, could trigger further declines, especially when volume increases but prices fail to advance. The risk of retracement remains high under these conditions. Investors should control leverage, strictly set stop-losses, and closely monitor candlestick patterns and key volume zones to prevent losses from sudden reversals. Summary: Bitcoin is currently oscillating at high levels, with key support and resistance clearly defined. Short-term trading should be based on technical levels, avoiding reckless chasing of gains or panic selling, and emphasizing risk management and capital preservation.