Bitcoin is in a high-level consolidation and upward trend pattern. Early this morning, it stabilized and rebounded from a low of 95,021.67, reaching a high of 95,639.45. The 24-hour fluctuation is 0.036%, indicating a buildup of momentum at the key resistance level. Ethereum moves in sync, rising from a low of 3,250 to a high of 3,320. The trend of mainstream coins is showing strong correlation, confirming an increase in capital concentration.

On the daily chart, the upward channel continues. After retesting the support zone at 94,000 in mid-January and gathering strength, the market maintains a oscillating upward rhythm. The moving average system is in a bullish alignment, resonating together. The MACD is operating above the zero line. Although bullish momentum has slowed, the foundation remains intact. Coupled with ETF capital inflows and macroeconomic positive factors, the upward trend remains solid. On the four-hour chart, the price relies on the middle line of the channel and the SMA(20). Support at around 95,000 is reinforced by the daily MA20, four-hour MA100, and Fibonacci 0.382 retracement level. Despite some divergence on the 6- and 8-hour charts, no deep correction has occurred, solidifying the bullish base.

On the macro front, expectations of Federal Reserve rate cuts, crypto-friendly policies, and the advancement of the Bitcoin strategic reserve bill provide support. Capital flows show ETF net inflows continue, whale funds retreat and increase holdings, and chips are concentrating among institutions.

Specific trading suggestions: Overall, focus on retracements to lower levels. Watch for substantial breaks below the support zone of 95,000-94,300. Pay close attention to the key level at 94,500. If not broken, consider attempting a dip buy. The upside potential is about 5,000-6,000 points. Maintain a stop-loss at 93,800.