The recent movement of BTC can be described as a textbook-level technical battle scene. After rising from 88,000 to 94,477 and gaining 6,000 points, a retracement of about 3,000 points is entirely a normal consolidation phase— as long as this wave doesn't give back all the gains, the bullish fundamentals still hold.

The key now is whether the support on the hourly chart can be maintained. Have you noticed that the recent hourly highs have been gradually decreasing? Although new lows haven't been formed yet, the previous triangle consolidation zone has already been broken. This breakout signal is quite clear— the balance of power between bulls and bears is undergoing subtle changes, and the direction choice is about to begin.

The focus must be on the 91,477 level. If it holds, there's a high probability of entering a consolidation mode between 91,477 and 92,643, and it might even form a double bottom with the recent low that was quickly tested a few days ago, providing an opportunity for an upward breakout; but if this support is broken, the next line of defense is 90,338, without a doubt.

From the candlestick patterns, the recent characteristics are very obvious— during declines, large bearish candles directly dump the price, while during rises, small bullish candles inch upward slowly. This pattern itself tells a story: the strength of the bears is more resolute, while the bulls' willingness is relatively reserved. How you interpret this signal directly affects your subsequent rhythm and timing.