BTC completed accumulation around 90500, finally breaking through the long-term resistance line near 94500. It has now started to pull back. The market needs time to verify the true strength of this rally. For the bulls, the most critical factor is whether the price can stay above 93500 and absorb selling pressure—this will determine whether a new consolidation range (94000-98000) can form.

The current support level is around 93500-94000. If the bulls can hold this position, there is a chance for the price to repeatedly test the bottom within the 94000-98000 range, which will be very helpful for a subsequent breakout. Conversely, if it breaks below the bottom line of 89000-90500, the situation could reverse directly—at that point, a shift to a bearish outlook is necessary.

The current strategy is clear: give the market enough time to test, avoid rushing into long positions, maintain the stability of the 90500 core position, and patiently wait for the market to choose a direction.