In the early hours, Bitcoin rose further from around 96,500 to about 97,100, then showed a fluctuating downward trend. In the afternoon, it presented a step-like downward trend until it stopped rebounding near 95,700, with the current price maintained around 96,500.

From a technical analysis perspective, based on the current four-hour chart structure, Bitcoin's upward momentum has strengthened, with the price near the middle track. The key resistance level to watch above is 97,200, while below, attention should be paid to the support situation around 95,700. When further narrowing down to the one-hour chart structure, Bitcoin's upward momentum has reduced, similarly operating near the middle track. The focus above is around 97,000, while below, close attention should be paid to the support strength near 96,000.

Short-term trading strategy for noon:

If Bitcoin retraces to around 96,000-95,700, look towards around 96,900-97,300.