Bitcoin's current rally is indeed fierce. Starting from $92,500, it has now stabilized above $95,000, approaching the key psychological level of $100,000.

In the short term, the $96,000 to $96,800 range is critical. Breaking through this range could open the door to $98,000 and even $99,000. However, if it cannot hold above $96,000, a correction is inevitable — with support levels at $95,000, $94,500, and $93,200 in sequence below.

Market enthusiasm remains high, but volatility has increased, which presents both opportunities and risks for short-term traders. It’s essential to keep a close eye on these price levels and react immediately to any breakouts or pattern changes. Both bulls and bears are battling it out here.