Currently, the Bitcoin market's fundamentals and technical momentum are both supporting an upward trend. The 94,500 level has formed a strong support, and breaking through the 98,000 resistance has become highly probable. Once this level turns into support, the push towards $100,000 will fully unfold. It is worth noting that institutional allocations continue to deepen, with spot Ethereum capital inflows increasing at a rate significantly higher than the growth in proportion. After a strong breakout in the short term, it is consolidating at high levels, with the bulls maintaining control of the rhythm.

From the 4-hour chart, although Bitcoin is in a bullish pattern, the momentum is converging, and the price is digesting at high levels. The Bollinger Bands are opening upward, which is a positive signal, and the candlesticks are repeatedly oscillating around the middle and upper bands. In the short term, two directions should be closely watched: if the pullback does not fall below 96,000, the upward trend will continue; if a significant volume breakout above 98,000 occurs, it may reach the $100,000 mark tonight.

In terms of trading strategies, the following opportunities are recommended: consider buying on dips in the 96,500-96,300 range for Bitcoin, with targets above 97,800; for Ethereum, there are entry opportunities between 3,340 and 3,320, with the upper target aiming at 3,400 and above. The ongoing battle between bulls and bears is still at high levels, so choosing the right entry points and managing risks are equally important.