BTC current price remains stable around $95,200, with a 24-hour decline of only 0.3%. The price has been testing between $94,300 and $95,800. From a technical perspective, the daily chart shows EMA contraction and sideways movement, with the MACD indicator still in the bullish zone, indicating that buyers still have strength. The middle band of the Bollinger Bands at $91,500 provides strong support, while the key resistance level to watch is $97,000. A breakout above this level could open the way to challenge the $100,000 mark.

Turning to the 4-hour timeframe, the price has formed an ascending wedge, which is a critical technical pattern. The neckline at $94,200 is crucial; holding above it means the bulls remain in control. However, if it breaks below, the price may dip to $93,700 or even retest the strong support at $91,500.

On the fundamentals side, there is no need for excessive concern. Continuous net inflows into spot ETFs serve as a solid market support, with a total inflow of over 15,511 BTC in the past 7 days, fully reflecting institutional investor sentiment. Currently, the market is oscillating between expectations of Fed rate cuts and the dollar's movement, with US stock volatility creating a cautious atmosphere, making the market appear somewhat sluggish.

In terms of trading strategy, investors holding positions can confidently hold above $94,200, with the first target at $97,000. A breakout beyond that could lead to a test of the $100,000 level. Short-term traders may consider a light position around $94,500 to test bullish momentum, with a stop-loss set at $93,700. Remember not to be overly greedy; taking profits in stages is a more rational approach.

Finally, a reminder: if the attempt to reach $100,000 fails, short-term volatility is inevitable. Position management and risk control should always come first.