Bitcoin finally broke through a recent high today. Currently on the 1-hour chart, the price started from a low of 90657 and surged upward to 96863 driven mainly by bullish candles. It then pulled back slightly to around 95000 for consolidation. The middle band of the Bollinger Bands is steeply upward, serving as the core support for the bullish trend. The upper and lower bands are rising in sync, and the extreme bullish opening shape of the Bollinger Bands is evident. During the rally, trading volume surged explosively; during the pullback, volume gradually decreased, which is a normal correction within a bullish trend and does not show signs of panic selling pressure release.

In the short term, the middle band of the Bollinger Bands acts like a lifeline for the bullish trend. This support level is particularly important. It is highly likely that the price will attempt to retest the previous high of 96863 again. Even if a correction occurs, the 95000 level and the middle band area below will provide strong support. The previous bullish momentum was steady, and as long as the price remains above, there are opportunities to continue the upward move. Keep an eye on the 3270-3250 zone for potential support.