Bitcoin's current price is around $95,500. Although there has been a pullback, short-term volatility remains active.

From yesterday's trend, BTC has been in a clear range-bound oscillation recently. The price has tested key resistance levels multiple times and then pulled back, indicating that both bulls and bears are still testing each other. Some analysts believe that if the price can stabilize within the $112,000-$112,500 range, a rebound may occur; but once this support is broken, a downward trend could follow.

From a technical perspective, the short-term moving averages and trend lines currently do not show a clear bullish breakout signal. Indicators like EMA and Supertrend still favor the bears, and market sentiment remains cautious amid volatility, with no signs of extreme bullish signals.

Interestingly, some technical indicators in history, such as the Net Unrealized Profit (NUP), have previously signaled short-term bottoms near local lows. If similar conditions reoccur, they could serve as new support levels.

Based on technical analysis, trading behavior, and market sentiment, the short-term outlook remains range-bound. The key resistance levels are at $97,000-$98,000, while support is around $93,000-$94,000. Whether the price can effectively break below the 9-figure mark will be a critical point today—this will directly determine whether the market continues to fluctuate within the range or shifts into a trend downward.