Last night's BTC movement was truly quite tumultuous. Just as it was about to break through the 97,000 level, it was forcibly pushed back down, and in the early hours, it even broke below and retraced. This kind of pattern is all too familiar for short-term traders—appearing at this critical juncture every time.

Let's first look at the main contradictions for BTC. When attempting a second push near 97,000, there was a clear lack of sufficient follow-through, essentially meaning weak buying support. The bulls appeared somewhat feeble when it was time to make a decisive move. More convincing signals appeared between 0:00 and 4:00 AM, where the 4-hour candlestick body directly broke below the MA10 moving average. This is no longer just a minor retracement but a clear reversal signal of the short-term trend. The market is entering a phase of oscillation and digestion.

Regarding the future direction, my view is as follows: the most critical support zone currently is between 94,000 and 95,000. This is the key boundary for judging short-term strength or weakness. If the price stabilizes at this level and forms bottoming patterns like hammer candles or double bottoms, then there is a high probability of a rebound towards the 98,000-100,000 region. After all, the bulls' desire to push higher has not completely faded; they are just taking a temporary breather.

Conversely, if the 94,000 support fails to hold, the next strong support level is between 91,000 and 92,000. This price range has been tested multiple times previously, making it a relatively reliable support zone. It’s also a safer position for bottom-fishing and observation.

I must be honest here: at this moment, chasing highs or cutting losses is not a wise choice. Many people tend to gamble on the direction at critical moments, but in reality, the real opportunities are often hidden during those tense, emotionally draining times.

Don’t forget to observe ETH and SOL’s performance. The divergence in strength between these two tokens actually contains many subtle details. When the market’s main players repeatedly test support levels, the movements of the smaller players often reveal valuable information. During this oscillation phase, it’s especially important to calm down and clarify your thinking.