Bitcoin, after a continuous rally, has recently retraced to around the 95,000 level. No need to panic; this situation is actually quite common—normal digestion in a strong market. The key point is that the price repeatedly finds support at 95,000 and has not effectively broken below it, indicating that buyers are still actively defending the market, and the bulls remain firmly in control.

From the 4-hour K-line technical structure, the price is still operating above the middle band of the BOLL Bollinger Bands. This middle band is the core defensive line of the current upward trend. As long as it holds, the upward structure will not be broken. The current pullback is simply the market digesting floating chips and accumulating energy for the next phase of rally.

The indicators are also quite interesting. The KDJ has not yet entered the oversold zone, indicating that the correction is actually limited in scope. Once the indicator continues to dip and then turns upward, it will easily form a golden cross resonance. Once this signal is confirmed, the bulls will gain new momentum for a rebound.

Overall, this looks more like a prudent pullback opportunity for long positions rather than a dangerous signal of trend reversal.

As for trading strategy, it is recommended to gradually build long positions within the 94800-95200 range. The upside targets can focus on resistance around 97000-98000. Remember one thing: follow the trend, wait for the pullback in hesitation, because the market often continues upward when you have the least confidence.