1. Market Overview Combining the recent 14-day daily K-line and 48-hour hourly K-line data, BTC's current market price is 95,823.3 (based on the latest closing price of the most recent K-line). Over the past two days, the price has sharply retreated from the high of 96,951.8, with a dip to around 95,134.5 before stabilizing. Looking back over the past 14 days, BTC has shown an overall upward trend, recently reaching a high of 97,924.5, then facing resistance and pulling back, currently hovering between 95,800 and 97,000. The average daily trading volume fluctuates between 10,000 and 16,000, indicating a significant increase in market activity compared to earlier periods. Regarding market sentiment, according to "Crypto Punk": "BTC has now reached the key level of 98,000 as expected, which will definitely have some profit-taking and sell pressure." This view aligns with the high point on the K-line and decreasing volume during the pullback. News reports mainly focus on positive trends such as institutional accumulation, large whale holdings increasing, and retail investors gradually exiting. Additionally, market news indicates that Bitcoin is gradually stabilizing above 95,000 USD, with overall strong performance. Despite short-term high-level oscillation pressure, long-term capital inflows continue to be net positive, and confidence remains relatively intact.

2. Technical Analysis Based on the latest daily and hourly K-lines, BTC's highest price in the past 14 days was 97,924.5, with a low of 89,314. The recent high corresponds to 97,924.5, while the main support zone is around 95,134.5—95,571. In the short term, hourly K-lines show slight oscillations from the high, with intra-day fluctuations mainly between 95,300 and 96,700. Trading volume shows no signs of significant increase, indicating that the battle between bulls and bears at high levels remains intense. Analyzing key zones on the daily K-line, short-term resistance is at 97,924.5 and 97,193; key support levels are at 95,134.5 and the recent 14-day low of 89,314. Volume analysis reveals multiple high-volume solid candles, indicating ample funds during the upward phase. As prices stagnate at high levels, volume gradually decreases, suggesting a short-term pullback or consolidation is possible, but the overall trend remains intact.

3. News and Policy Interpretation On the news front, signals such as institutional accumulation by DDC enterprises, increasing whale holdings, and major players like BlackRock withdrawing funds from Coinbase continue to send positive signals of main force capital injection and strategic on-chain accumulation by institutions. Recent headlines like "Bitcoin whale balances surged 21% after the fastest sell-off since 2023" and "DDC Enterprise increased holdings by 200 BTC" coincide with increased trading volume at high points. On the other hand, policy developments such as the US Senate delaying crypto legislation and softening of regulatory expectations through flexible amendments have somewhat eased short-term regulatory pressure. There are no new substantive policies or clear positive/negative signals, making the overall environment neutral. News events like "Bitcoin breaking through the current range of 107,000 USD" reflect increased market attention to higher breakout levels, consistent with price data.

4. Analyst Opinions Integrated analyst "Crypto Punk" states: "BTC has now reached the key level of 98,000 as expected, which will definitely have some profit-taking and sell pressure... Once it recovers above 98,000, there is a chance to challenge the 105,000 key level..." This analysis aligns closely with the K-line pattern—recent highs approaching 98,000, with multiple high-level oscillations in that zone, consistent with "sell pressure" and "profit protection" judgments. Analyst "San Ma Ge Contract Member Group" warns to watch for quick rises, take profits promptly, and closely monitor whether 97,100—97,500 can be broken. The current hourly K-line has tested this zone multiple times, but stabilization has not yet occurred. Another analyst, "Da Chui Ke Contract Trading," suggests gradually building long positions in the 95,500—94,500 range, with moving take-profit points at 96,300—97,200—98,100. The market is oscillating within these ranges, and trading advice aligns with the current trend.

5. Future Trend Prediction and Trading Suggestions Based on K-line data and analyst insights, BTC faces resistance at high levels. If it can stabilize above 95,600 in the short term, it may attempt to push again toward 97,900 and 98,000; if it can firmly hold above 98,000, it could continue toward 105,000. From volume and order book structure, if the dip to 95,134—95,600 does not break, a rebound is likely. If it falls below, pay attention to strong supports at 94,500 and 93,400. Trading suggestions: at this stage, participate flexibly based on support levels, gradually add long positions in the 95,800—96,000 range, and set strict stop-losses—if it breaks below 95,134, reduce positions and cut losses promptly. Short-term targets are 97,200 and 98,000; if volume breaks through, aim for 98,100 and 105,000, taking profits in stages at highs. Caution is advised in high-level oscillations to avoid chasing highs and selling lows.

6. Risk Warning Recent high-level oscillations in BTC are obvious, with single daily K-line amplitudes repeatedly exceeding 1,500 points, and hourly K-line fluctuations reaching up to 500 points, indicating significant short-term risks. If it breaks below 95,134, downward correction space will expand markedly, potentially extending to 94,500 or even 93,400. It is recommended to strictly control positions and set stop-losses to prevent extreme market fluctuations from causing account drawdowns. Do not hold heavy positions while chasing highs. Currently, liquidity is ample; trading should be flexible based on specific volatility rhythms, with a focus on stability. Conclusion: BTC is in a key consolidation stage at high levels. If it holds above 95,134—95,600, the probability of further upward movement toward 98,000 and 105,000 is high; if it breaks below, it should temporarily shift to range-bound, defensive trading. Overall, the outlook is cautiously optimistic but with increased volatility. Risks and opportunities coexist; risk control is essential.