In the early trading session, Bitcoin experienced a volume surge, with the price temporarily breaking through the daily chart structure. Currently, it is repeatedly testing the key level around 93,000. From a structural perspective, although there was a breakout attempt, its sustainability remains to be verified.
From the liquidation data, during this upward movement, the bullish liquidation intensity was not concentrated and did not form a clear "short squeeze" structure; instead, once the price breaks below the current range, there will be a liquidity cluster with tens of billions of dollars in liquidations below. In the absence of clear fundamental positive news and continuous capital inflows, blindly chasing high risks outweigh the potential gains.
Trading Strategy Rebound resistance zone: 93,700–94,500, focus on shorting opportunities Pullback target: First watch 92,500, further observe support around 91,500
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BTC Morning Trend Analysis
In the early trading session, Bitcoin experienced a volume surge, with the price temporarily breaking through the daily chart structure. Currently, it is repeatedly testing the key level around 93,000. From a structural perspective, although there was a breakout attempt, its sustainability remains to be verified.
From the liquidation data, during this upward movement, the bullish liquidation intensity was not concentrated and did not form a clear "short squeeze" structure; instead, once the price breaks below the current range, there will be a liquidity cluster with tens of billions of dollars in liquidations below. In the absence of clear fundamental positive news and continuous capital inflows, blindly chasing high risks outweigh the potential gains.
Trading Strategy
Rebound resistance zone: 93,700–94,500, focus on shorting opportunities
Pullback target: First watch 92,500, further observe support around 91,500