Bitcoin daily chart shows a strong breakout above the previous range's upper boundary at the key resistance level of 94,500. The bullish momentum continues to release, pushing the price sharply higher to around 98,000. Subsequently, due to selling pressure from above, a technical correction has begun.

In the short term, 95,500 forms the key support level for the day. If the price stabilizes above this support and gains further upward momentum, breaking the 100,000 psychological barrier is highly probable!

The intraday market indicates that the price is consolidating in a high-level oscillation around the upper band of the Bollinger Bands, which are expanding upward in an opening shape.

The short-term moving averages are turning upward in unison, forming a bullish alignment that provides strong support for the price to rise. The MACD indicator's fast and slow lines maintain a golden cross and diverge upward, with red energy bars continuing to expand, demonstrating that bullish momentum remains robust. The KDJ indicator's three lines are crossing upward!$BTC