Recently, Bitcoin's trend has indeed been fierce, with a clear increase. But a closer look at market sentiment shows it has shifted from neutral to greed (Fear & Greed Index at 45), and at this point, it's better to stay calm.

From a technical perspective, $95,000 is the current critical threshold. If it can hold steady at this level, there is hope to move towards $100,000, which is also the midpoint of the current upward channel. Conversely, if it cannot defend $95,000, be prepared to fill the gap around $90,380.

The specific defensive levels are as follows: $92,500 is the first line of defense. As long as it stays above this, it indicates that the upward momentum is still quite strong; but if the $90,380 level is broken, it basically signals the end of this rebound, and the next target will be around $85,000. The market always gives us opportunities; the key is to hold the bottom line.