Last night, the market experienced a strong rebound after opening lower in the US stock market and influenced by PPI data. The price precisely retested the key support at 94,700 and quickly surged to 97,700. This "dip-then-recovery" pattern confirms that the bullish momentum below is strong, and the daily uptrend remains intact.

Currently, the price is consolidating around 96,800, which is a healthy correction after a breakout. The 4-hour technical indicators show weakening momentum for correction, with MACD showing signs of a bullish crossover, and the price remains stable above the previous breakout level of 96,500, indicating a bullish accumulation pattern.

Key resistance levels are at 97,800-98,000. A breakout above this range would further open upward space. As long as the price stays above the 96,500 support, the overall trend remains bullish. Traders can watch for opportunities on pullbacks for stabilization or volume-driven breakouts. #GateTradFi上线 $BTC