Bitcoin's trend today remains bullish, with prices oscillating within a high range. Based on the current pace, the intraday activity is mainly between 95,000 and 97,500 USD. Once it reaches the North American session, there is a possibility of attempting an upward push to test the 98,000 USD barrier.

The bottom support remains relatively solid, with 95,000 USD acting as a neckline that can hold. If it retreats further, the 94,000 USD daily moving average also provides support. On the upside, if the 97,000 to 97,500 USD zone is broken, there is little resistance left, and the target could directly move towards 98,000 USD or even the psychological level of 100,000 USD.

The main driving force behind the current rally is still the continuous buying from institutional ETFs, with a net inflow of 648 million USD on the 15th alone. Such a volume of funds is not fake. However, in the short term, attention should be paid to potential technical pullback pressures, especially whether the US market funds will change. Overall, the trend remains upward.