Today, the spot price of BTC hovers around $95,100. The one-hour chart shows an interesting trend — it is clearly within an upward channel, just undergoing some consolidation at higher levels. Both bulls and bears are fighting fiercely at this position.

From a technical perspective, the bullish structure remains intact. The pattern of higher highs and higher lows has not been broken, indicating that the overall trend is fine. Currently, it is just a phase of repair and digestion during the upward process, so there's no need to be overly pessimistic.

However, there is a problem with volume. The 24-hour trading volume has decreased by about 13%, with trading activity noticeably thinning out, and market participation declining. This means that whether it breaks upward or downward, a volume confirmation signal is needed; otherwise, a one-sided market is hard to develop.

In terms of indicators, they are also quite neutral. The EMA moving averages are clustered together, the MACD red bars are shrinking, and the RSI remains around 62 — slightly strong but not particularly powerful. Overall, the technical indicators do not provide a clear directional signal. The market at this stage is just waiting — waiting for volume to recover and for breakout signals. For short-term trading, the key is to focus on those important levels and their gains or losses, and to go with the trend.