Bitcoin continues its sideways upward trend today, stabilizing and rebounding from a low of 94,293 in the early morning. After reaching up to 95,800, it has been oscillating strongly around 95,000, showing characteristics of a bullish trend with "shallow pullbacks and strong rebounds." Ethereum moves in sync, rising from a low of 3,120 to 3,180 before consolidating, highlighting the market's correlation.

On the daily chart, the upward channel remains intact. After reaching a high of 97,163 yesterday, it pulled back to 94,200 (Fibonacci 0.618), which provided strong support. The moving averages are resonating and trending upward, MACD remains bullish with a golden cross, and volume is gradually increasing, indicating a solid bullish structure. On the four-hour chart, an "ascending wedge" pattern has formed, with EMA30 (94,500) providing support. The price is trading above the middle band of the Bollinger Bands, RSI at 61.15, not overbought, with the oscillation range moving higher, reinforcing the bullish foundation.

Fundamentally, institutional ETF net inflows over the past three days totaled $1.7 billion. Blackstone's large inflow into IBIT confirms long-term recognition. The open interest stands at $65 billion, with moderate leverage levels, leaving room for further upside. The intraday short-term pullback is seen as a consolidation phase to digest resistance at 97,000-98,000.

Specific trading advice: Focus on long positions during pullbacks, paying close attention to support zones between 94,300 and 94,800. If not broken, consider entering long positions with a stop loss below 93,700. Target initially at 96,500-97,000, with a breakout aiming for 98,000, 99,000, and 100,000.