Last night, Bitcoin experienced a wave of shocks and gradually stabilized. The current narrow-range consolidation is already quite evident. After a slight pullback from the high of 93,400, the price is now stable above 92,000, indicating that the bulls have already gathered strength.

On the four-hour chart, the Bollinger Bands have narrowed, and the price is repeatedly testing along the middle band, which is a typical sign of accumulation. More importantly, the moving average system has converged to form a solid support, and the momentum indicator has shifted from weak to strong. All these signals together suggest a high probability of stabilization.

In terms of trading, the range between 91,500 and 92,000 is a good opportunity for long positions. If a successful breakout occurs, the first target is 94,500. If 94,500 also stabilizes, then 96,500 is within reach. Now, we just need to wait for this upward move to be confirmed.