BTC continues to fluctuate in the market; the so-called fluctuating market means there is no trend-driven sentiment, no strong liquidity, and the market is swayed by a bit of emotion, fluctuating between 92,000 and 98,000. Once sentiment improves, it could rise above 98,000; if sentiment worsens, it could drop below 98,000, currently oscillating around 94,000.

Macro-wise, we continue to wait for tomorrow's unemployment rate and non-farm payrolls. As long as there is no hype around recession expectations, it's manageable. Even if there is hype around recession expectations, it might look bad for a few days in the short term, but with Trump approaching, there is still hope.

$BTC on-chain data URPD (this indicator shows the accumulation zones of on-chain transactions, and accumulation zones are often used to identify market support/resistance levels). From the current perspective, at least the support at 92,000 and 93,000 is still strong, as long as sentiment does not provoke further bearishness.