Reviewing the early morning trend, Bitcoin continues its strong bullish pattern, breaking through during the session and reaching a high of $94,700. Although it later faced pressure and retraced to around $94,000 for consolidation, our precisely positioned long positions have already captured over 800 points of profit, which fully confirms the continuation of the current trend strength.

The current price remains firmly above the key support level of $93,500. This level not only confirms yesterday’s breakout but also serves as the critical dividing line for short-term bullish and bearish shifts. From a technical perspective, the pullback after yesterday’s breakout is a typical technical retracement in a strong market and has not damaged the overall upward structure. The 4-hour moving average system remains in a bullish alignment, and the MACD momentum bars continue to expand above the zero line, indicating that the bullish trend is still healthy. As long as the price stays above the $93,500 support zone, the market is likely to consolidate and then extend upward again.

The first major resistance above is at the previous high of $94,700. A successful breakthrough here would open the upward channel toward the $95,500-$96,000 region. On the downside, the bullish defense focus is around the $93,500-$93,200 zone, which can be seen as an important support for trend continuation. Operationally, it is recommended to focus on buying on dips, paying attention to stabilization signals when the price retraces to the support band of $93,800-$93,500, with small stop-losses to play the trend continuation. If there is an unexpected volume surge and a breakdown below the $93,000 level, a reassessment of short-term momentum will be necessary. $BTC #Gate2025年度报告