Looking at this wave of Bitcoin's market, the short-term rally is quite interesting. From the 1-hour chart, the price has been steadily rising from around 90,790, reaching a high of about 94,760, followed by a technical pullback, and now consolidating around 93,700. The magnitude of this correction is actually quite controllable and hasn't broken the short-term upward pattern—simply put, it's a normal consolidation after a continuous rise.

Switching to the 4-hour perspective, Bitcoin is trading above the middle band of the Bollinger Bands, with all three bands diverging upwards, forming an expanding gap. This indicates that the bullish momentum is still continuously accumulating. Looking at the RSI indicator, all timeframes are firmly in the strong zone between 50-70, not yet entering overbought territory, which suggests the market still has room to move higher.

Although the push to around 94,700 in the evening was met with some resistance, the overall trend remains in the hands of the bulls. The key point is that during the pullback, the volume was moderate, with no signs of heavy selling. If the price can stabilize around 93,500-93,000, there is a possibility of another surge towards 95,000, potentially opening up a larger upward space. For trading, focus on the support levels during the pullback, as they are important signals for judging the future market rhythm.