BTC is currently oscillating around $95,200, with the one-hour chart showing a very tight range. Neither the bulls nor the bears can gain the upper hand, as the price swings back and forth between $94,900 and $95,300. Trading volume is not ideal, and no clear directional signals are evident.

From a technical perspective, the $94,900 level is the most critical support in the short term—this is where the most recent trading activity has been concentrated. If this line holds, the market is likely to continue oscillating within the current range. Conversely, the resistance level above $95,300 is a short-term barrier. An effective breakout above this point could target the previous high at $95,600. Technical indicators show MACD still flat near the zero line, and RSI hovers around the neutral 50, providing no definitive signals.

The core issue is that the moving averages on the hourly chart are completely intertwined, indicating a state of full balance between bulls and bears. Without sufficient trading volume, it’s difficult to see a strong upward or downward breakout. The key focus moving forward is whether $94,900 can be maintained—if it breaks below this level, there might be another attempt at $94,700; if it holds steady, there’s a chance to push upward toward the liquidation zone at $95,500.