The recent cryptocurrency market has been heating up, with favorable policies frequently announced. After BTC stabilized around $95,000, it continued to test higher levels. The wedge consolidation over the past two months finally broke out, with moving averages forming a golden cross, and all timeframes showing a bullish alignment. The MACD is also diverging upward. From a technical perspective, this bullish momentum is indeed strong.

Short-term support levels to watch closely are around $94,500. If this level holds, the bullish trend can continue. However, a break below $93,000 would be concerning, as it is the critical mid-term support line.

Looking upward, as long as the $93,000 support remains solid, there is a chance to gradually push towards the key levels of $100,000, $105,000, and even $110,000. Each of these levels could serve as a small rhythm point, but the overall direction remains optimistic. Of course, all of this depends on not breaking below $93,000. (Opinion and analysis, for reference only, risk is self-managed)