This weekend's Bitcoin performance is quite interesting. After retesting the support at 94,400 on Friday, the entire market seems to be locked in place, constantly fluctuating within a very narrow range of 95,000 to 95,500, giving no breathing room for the bears.

Careful observation of this high-level sideways consolidation pattern usually signals a consolidation phase in a bull market. The market is digesting the profits from the new high of 97,940 set on Thursday while also using time to repair short-term overbought indicators. This buildup process is actually beneficial for a subsequent rally.

The key will be the developments tonight and tomorrow. Historical experience tells us that major players often like to make "surprising moves" during the late Sunday night when liquidity is thin, whether it's a false move or a sneak attack, all aimed at paving the way for the US stock market opening on Monday.

From the perspective of support and resistance: 94,800 is an immediate support level, which is the lower boundary of the recent oscillation range. If this level cannot be broken, it indicates that the bulls are really fierce. Further down is the core defense line at 94,400 to 94,500—this is a critical level derived from previous highs, now an absolute defensive zone. As long as this level is not effectively broken, any downward correction should not be too tense and might even present a buying opportunity. A deeper safety zone is at 93,600, serving as an extreme defense to prevent sudden sharp drops.