Bitcoin's performance today mainly depends on whether the 94400 support level can hold. This is not just a simple support line; it actually determines whether the price will continue to surge or start a correction.

Looking back at yesterday's market, BTC pulled back from 98000 and rebounded around 95700, with a range of about 1400 points. The question now is straightforward: will it break through upwards today or enter a consolidation phase?

From a technical perspective, the 94400-94700 range is the critical line between life and death. If it holds, the next resistance to break is at 96800. Once 92800 can stabilize and break upwards, the 100,000 mark is essentially within reach. Conversely, if this level is broken and cannot recover, then the 98000 high should be seen as the ceiling of this rally, with limited room for bulls.

Traders aiming to profit from the rebound can focus on the 94400-94700 zone, but only if clear signs of a bottoming are present before taking action. Blindly catching the bottom is the easiest way to get trapped.

Overall, the bulls still have momentum. The next move could be either a repeated consolidation at high levels to build energy or a direct upward breakout. The probability of a short-term reversal is low. The key is to hold your position and wait for clear signals—that's the core logic at this moment.