Bitcoin's price movement today shows a typical pattern of a sharp rise followed by a pullback. From the high of 97,932, it has retraced to 95,106. Currently, the price is trading within the middle and lower bands of the Bollinger Bands, with short-term bullish and bearish forces in fierce confrontation.

From a technical perspective, although the previous rally has not been fully reversed, the bullish momentum has clearly weakened. The MA144 and MA169 still maintain a bullish alignment, but the distance from the current price is increasing, and their support role is correspondingly diminishing. More notably, the upper Bollinger Band has turned downward, and the middle band is exerting resistance on the price, indicating that the overall rhythm has entered a consolidation and adjustment cycle.

Volume reveals the true market intentions—there is heavy selling pressure above 97,000, and trading volume has significantly increased during the pullback, indicating that bulls are actively taking profits. While some buying interest can be seen around 95,000, there is still a lack of large-scale entry signals, and market sentiment remains cautious.

On the trading front, consider shorting within the range of 95,800-96,300. If a breakdown occurs, pay attention to the key support levels at 94,500 and 94,000.