Bitcoin is currently stuck at the 92,500 mark, which is indeed a bit awkward. There is pressure above, support below, and pitfalls on both sides.
Looking at the latest data chart, the 91,000 USD defense line is not simple. There are 320 million in short liquidation orders stacked here, forming a wall. Once broken below, algorithmic trading will react immediately, and longs may be directly pushed down to 88,000. Many seasoned traders in the circle have set stop-losses at this level; if it really breaks, it will be a bloodbath.
Looking upward is also not easy. At 94,000 USD, there is a 480 million long liquidation wall ready to go. But this also means that as long as the breakout succeeds, the short squeeze will be severe, and the price is likely to surge to 96,000 or even 97,000. The good news is that recent funding rates are relatively restrained, without particularly crazy bullish sentiment, so the probability of a breakout is neither small nor insignificant.
What does the technical analysis say? RSI is now at 54, neither overbought nor oversold, just like the market is holding its breath, preparing for a big move. The range from 91,000 to 94,000 has been oscillating for two days, feeling like a big move is brewing. Whether it ultimately goes up or down, once the direction is confirmed, the first wave of profit could be around 3,000 to 4,000 USD.
For trading, conservative players can wait for clearer breakout signals before entering, although they might miss the lowest point, at least ensuring safety. More daring traders can try small positions now—placing long orders near 91,000 and short orders around 94,000. But regardless of the side, stop-losses must be set. In this kind of market, it’s either calm or stormy.
Personally, I lean toward a higher probability of an upward breakout. After all, the liquidation pressure at 94,000 is more terrifying; once broken, the shorts will have little to fight back. But as always, the market is always right. Being prepared with two strategies and adjusting tactics as needed is the right approach.