Bitcoin continues its strong sideways upward trend today, opening with a rally relying on the 91,595 level. It moved higher without significant pullbacks, successfully breaking through the key $93,000 level, reaching a high of around $93,400. Currently, it is consolidating near $92,900 with a daily increase of nearly 2%, and the bullish momentum remains fierce. Ethereum still maintains a high correlation with Bitcoin, starting its upward move from the low of 3,118.75 and rising to the high of 3,167.22. Throughout the process, it shows a steady follow-up trend, with the market linkage effect continuously highlighted, further confirming the market consensus among bulls.

On the daily chart, the upward channel continues to expand, with the price maintaining a small bullish pattern. The 5-day and 10-day moving averages form a golden cross and diverge upward. The price remains firmly above all key moving averages. Supported by institutional capital inflows and large net inflows into spot ETFs, the bullish structure is solid. This pattern indicates a strong continuation and structural stability of the upward trend. On the four-hour chart, the previous strong upward trend persists, with the price steadily climbing along the upper channel line, further reinforcing the daily bullish foundation. However, the current RSI has risen to 78.0 in the overbought zone, and the MACD histogram is shrinking, showing short-term accumulation, but this does not break the core upward structure.

The current market rhythm shows that bullish forces are still accumulating. The short positions have been liquidated for a total of $86.32 million. Market sentiment remains strongly bullish. The short-term pullbacks are merely healthy corrections after overbought conditions, not trend reversals. They are typical profit-taking and consolidation actions, aiming to accumulate energy for a subsequent push toward the critical resistance of $95,000. Today's strategy mainly focuses on retracement to position for long entries, with particular attention to the $90,000 round number and support around 89,736. Pullbacks near support levels can be used as entry points to seize continuation opportunities.

Specific trading suggestions: Pay attention to support levels at 91,800-91,150 and 90,500-89,800. If support holds, consider attempting low buy-ins, aiming for a space of 500-6000 points.