1. Market Overview As of the latest candlestick data, BTC's current closing price is $92,372.5. Over the past 14 days, BTC has formed a market pattern characterized by significant volatility and rebounds. The high point occurred 14 days ago at $104,085, while the recent low was around $89,260.6. Daily trading volume has fluctuated within a large range recently, peaking at 32,078.7, with the most recent daily volume at 307.829, indicating a short-term decline in trading activity. In the past 48 hours, BTC's price has oscillated slightly around $92,000, with a high of $93,195.8 and a low once dipping near $89,908. Overall, market sentiment, after a rapid decline earlier, is in a phase of repeated consolidation, with neither bulls nor bears gaining dominance for now. On the information front, mainstream analysis opinions diverge. According to the "Crypto Sniper" viewpoint, it is recommended to buy in tranches within the $88,000-$87,000 range, with targets gradually rising to $91,750, along with stop-loss suggestions, confirming the market's defensive confidence in the current range. Meanwhile, "Three Horsemen Crypto Analysis" mentioned: "The market is bad, Bitcoin broke below $90,000 but there is no unilateral downtrend, just bouncing back and forth," indicating a lack of extreme trending conditions and fierce bulls versus bears competition. "Flying Member Group" also stated: "BTC long positions are near the cost price, no significant volatility, exit now, don't hold overnight," reflecting cautious short-term sentiment.

2. Technical Analysis From the 14-day daily candlestick perspective, BTC shows a wide-range oscillation pattern. The peak was 14 days ago at $104,085, with the lowest point recorded 8 days ago at $83,822.8. Over the past five days, the highs were: $94,589, $94,476, $93,555, $92,651.9, and $92,287.1. Support levels have shifted downward, and resistance has been repeatedly broken, showing a lack of bullish confidence, but prices continue to oscillate within the range, not yet fully dominated by bears. In the last 48 hours, the 1-hour candlestick shows a low of $89,908 and a high of $93,195.8. Volume levels are distinct, with the maximum hourly volume at 2,927.84, reflecting high activity in certain ranges. Strong support is concentrated around $91,300-$91,700, with short-term resistance at $92,800-$93,200. The overall trend shows a rebound above $94,000 during the week, encountering resistance and then pulling back, forming a sideways consolidation near $92,000. The short-term market direction is unclear, but active funds at lower levels indicate that capital has not exited entirely; some long positions are testing rebounds.

3. News and Policy Interpretation Latest news indicates no significant policy disruptions; no new policies have been introduced in the past day. Reports mention the Fed's rate cut expectations falling short, and traders are focusing on fluctuations in the Fed's balance sheet. Some BTC liquidity-related news (such as "Exchanges' stablecoin inflow decreasing and liquidity weakening") has exerted downward pressure, consistent with recent BTC correction trends. Additionally, the latest news that "Major holders increased holdings by 958 BTC" suggests institutional funds are still actively accumulating at lower prices, helping stabilize the short-term market. On the policy front, no new regulations have been announced; the news of the CFTC abolishing old rules and BTC being approved as a compliant spot product has been digested, with the market impact remaining stable.

4. Analysts' Perspectives Consolidated Analysts, such as "Crypto Sniper," clearly recommend: "Bullish entry range 88,000-87,000, TP1: 89,140, TP2: 90,160, TP3: 91,750," providing specific buy and target ranges. Within this range, the lowest point for BTC has appeared during the correction, and after support at $92,000 was broken, prices quickly rebounded to $92,372.5, confirming short-term buying support. "Three Horsemen Crypto" points out: "The market is bad, Bitcoin broke below $90,000 but there is no unilateral decline, just bouncing around," aligning with actual market behavior of multiple dips and rebounds, reflecting a volatile market. "Flying Member Group" also states: "BTC long positions are near the cost price, no significant volatility, exit now, don't hold overnight," indicating a cautious market stance and advising against overnight holding.

5. Future Trend Predictions and Trading Strategies Based on candlestick patterns and trading volume structure, BTC's short-term upside and downside are limited. Support levels are at $91,700-$91,300, with an extreme support around $89,260. Short-term resistance is at $92,800-$93,200; if broken, resistance on the daily chart is expected at $94,000-$94,500. If prices stabilize above $91,700 and volume increases, there is potential to test higher targets around $93,700-$94,200. Conversely, if prices fall below $91,300, traders should watch for a retracement to support levels at $89,900 or even $88,000. Based on analyst advice, it is suitable to attempt low positions within the $88,000-$90,000 range with strict stop-loss enforcement, aiming for targets around $91,750-$93,000. Chase high positions is ill-advised; during volatile periods, operate with light positions, entering and exiting quickly.

6. Risk Warning BTC remains in a wide-range consolidation pattern, with a maximum fluctuation of 20% over 14 days. The market has repeatedly tested support levels but has not shown a clear rebound, indicating a stalemate between bulls and bears. High-frequency volatility zones carry significant trading risks; external events could cause rapid breakdown of support levels. Recent volume has decreased, with large volume concentrated at volatility points. If the market experiences another volume-driven decline, be wary of liquidity crashes. Investors must set stop-loss orders and closely monitor levels below $91,000; if broken, they should exit promptly. In summary, BTC is currently in a broad-range tug-of-war, with minor short-term rebounds expected but sustainability doubtful. It is recommended to buy in dips, set clear stops, and control positions tightly to prevent extreme scenarios.