The overnight market experienced a correction and then entered a narrow range consolidation. Bitcoin oscillated upward from lows, briefly testing around 93,400 before retracing mildly. It is currently stabilizing above 92,000.

From a four-hour perspective, the Bollinger Bands are gradually narrowing and flattening. The price continues to oscillate near the middle band, gathering strength. The moving averages are converging and showing support. Several momentum indicators have shifted from weak to strong, signaling an initial stabilization.

It is recommended to go long around 92,000 and 91,500, with the first target at 94,500, and a breakout above that to 96,500.