On Tuesday, the crypto market once again played out a familiar pattern—Bitcoin first surged then quickly retreated, with short-term resistance becoming increasingly evident. Is this the beginning of a long-term consolidation, or just an interim correction?

Honestly, trading opportunities are everywhere, but only a few can truly profit. The key is to identify key levels clearly and then act decisively. Bitcoin's recent performance clearly illustrates this—starting from a bottom rebound, it broke through the psychological thresholds of 92,000 and 93,000, even pushing above 94,000, then encountered resistance at 94,760, and has now pulled back.

Looking at the candlestick chart, Bitcoin indeed faced resistance after reaching 94,760, failing to continue upward and shifting into a narrow range correction. But what's important to note is that during the pullback, there was no significant large-scale decline, and the closing price remains above the critical 93,000 level. What does this indicate? It suggests that although the bulls have temporarily slowed down, there are still buyers stepping in.

Volume is quite interesting here. The current market lacks momentum, and enthusiasm for chasing highs is clearly waning. Both bulls and bears are waiting—waiting for what, nobody knows. In the short term, the market lacks the genuine driving force needed to push a major trend.

Next, keep an eye on these key levels:

On the support side, 93,500 is the first line of defense. Holding this level would further solidify the bullish trend. Below that is 92,000—if this level is broken, the market could revert to a wide-range consolidation phase.

On the resistance side, the zones around 94,000 and 94,760 are the current ceilings. Whether these levels can be broken directly determines whether the market will continue upward or pull back.

So, the current market depends on who moves first. If the bulls can regroup near 93,000 and gather strength to break through 94,000, it’s not impossible. But if volume remains sluggish, downside risks should be taken seriously.