Recently, the market has experienced significant fluctuations under a stable macro environment. $BTC has broken through multiple levels consecutively, pushing directly to around 93,600, with a single-sided rally of over 1,500 points. Ethereum has also followed suit and gained strength.

From a technical perspective, the price has effectively stabilized above previous highs. The four-hour chart shows a clear upward channel, and the moving average system has fully developed a bullish pattern. The previous resistance levels have now become support—indicating a quite solid bullish framework.

Indicators are also confirming the trend. During the breakout, trading volume significantly increased, MACD has crossed above the zero line again, and RSI, although in the overbought zone, shows no signs of bearish divergence, suggesting that buying momentum is still strong and the market may continue to extend upward. Market sentiment has shifted to optimism, with the key psychological level to watch now being 95,000-96,000.

In terms of trading strategy, a pullback to build positions remains the main logic. Whether support in the 92,500-93,000 range can hold is crucial. After continuous rallying, technical corrections are inevitable. Instead of chasing highs, it’s better to wait for a pullback to key support levels before entering, and follow the trend.