Bitcoin has recently shown clear technical signals on the hourly chart. From the chart, there is a signal area at the top, while a short-term bottom signal has formed below, corresponding to the 95,000 level. Why emphasize that 95,000 is a "short-term" signal? The key lies in the closing hammer candlestick—this candlestick itself indicates that there is support at this price level.

Starting from the breakout above 96,621, Bitcoin subsequently retraced to 95,000 and stopped declining, forming a hammer candlestick. This pattern hints that funds are defending this level; such intervention is what caused the hammer to form. In other words, 95,000 is not just a price but a line of defense.

The next logic is straightforward: as long as 95,000 is not broken, the lower bullish trendline remains intact, corresponding to the price of 93,892 (which is also the lowest point of the large bullish candlestick on the left). Conversely, if it falls below 95,000, that key bullish trendline becomes an inevitable target for retesting. If it cannot hold this line, the price may continue downward to find support at 92,643.

From an upward perspective, breaking through 95,762 is the ticket for another move higher. If this level is breached, the previous high of 97,362 or even higher new highs could emerge. But the market is unpredictable; no one can say what will happen tomorrow. Since the bullish pattern has already formed, the best approach is to be patient and wait.

In terms of trading strategy, if Bitcoin volume-breaks above 95,776, consider going long on the right side; conversely, if it drops below 95,010 with volume and cannot rebound back above, consider shorting on the right side. Be sure to set stop-loss orders. After a confirmed breakout and stabilization above 95,776 on the hourly chart, look toward the previous high of 97,362; a breakout there will naturally lead to further developments.

From the 4-hour chart, a break below 94,482 points to the 93,038–92,376 range, and if it cannot recover after breaking this level, a correction becomes highly probable.

The daily chart is even more interesting. Bitcoin has now stabilized above the 61.8% Fibonacci level, which itself demonstrates the strength of this bullish wave. Without any major positive catalysts, the ability to break through the Fibonacci level on the daily chart is enough to show strong momentum. The key is to observe whether the close tomorrow can stay above the 61.8% level. If it does, we can look forward to challenging the 1:1 target; if it cannot hold, a retest of the 50% level around 91,700 is likely. Whether it can reach the 1.618 level depends on whether it can hold above the 1:1 target. Once stabilized, it will naturally go there; if not, it will at least test the 138.2% level.