Based on recent trends, after a sharp rise, a pullback often follows, and currently Bitcoin is likely to remain in a consolidation phase. Only when the volatility of the consolidation slows down will a directional choice possibly emerge.

As of the observation point, Bitcoin's lowest point was around 89,328, followed by a slight rebound. Calculating the median line of the correction as (94,794 + 89,328) / 2, the position is approximately 92,061 — this line is very critical, serving as the boundary between short-term strength and weakness. Breaking above it signals strength.

Last night, after the non-farm payroll data was released, the price briefly surged to around 92,000 but encountered resistance, failing to effectively break above the boundary line, and finally fell back to the red downtrend line to continue consolidating. Currently, it is trapped within a triangle convergence zone. If it breaks through the red line and retests without breaking below, there is a possibility of a right-side breakout.

If the price can break above 92,000, the probability of further strength increases. Conversely, if it falls below 89,300, it may seek support along the orange initial acceleration line. This line is expected to be around 88,200 today. If the price retests this line and shows hourly divergence, it could also present a short-term buying opportunity.

From the Trend Channel 2.0 system perspective, the upper boundary today is approximately 91,534, and the lower boundary is about 89,057. Bitcoin is currently operating within this channel. As long as it does not break below the lower boundary, the logic of holding remains valid.