Bitcoin showed a wide-ranging fluctuation pattern yesterday. The price surged in the early morning after a rally but then pulled back. However, the strong support at the 95,000 level prevented further decline, and the short-term downtrend has thus come to a halt. From a daily chart perspective, the middle band of the daily Bollinger is a key dividing line for the bulls. Currently, this level still provides strong support, and the overall market is in a consolidation and adjustment trend. It is important to note that the recent pullback is a normal correction following the previous rally, and the price needs time to digest profit-taking and repair technical indicators. Although the pace may be characterized by a slow, sideways rise, the bullish structure's strong attributes remain unchanged. Switching to the four-hour chart, the price previously pulled back from the upper Bollinger band, stopping above the middle band. The downward trend has not continued; instead, a rapid rebound occurred. Currently, the four-hour moving averages are in a chaotic and divergent state, indicating that the short-term consolidation and adjustment trend will likely persist. Notably, this round of decline did not touch the four-hour middle band support, and the rebound was swift and powerful, confirming that bullish momentum remains sufficient. Trading strategy: Continue to focus on long positions at low levels, relying on the key support at 95,000 and the daily and four-hour middle bands to set up long entries. Watch for resistance at previous consolidation highs, and in this sideways market, maintain a light position and control the pace carefully.