Bitcoin at the critical 95 level appears to be a resistance zone, but it actually conceals deeper market intentions. A large number of bears are gathering here, but the real situation may be much more complex than the surface suggests—these resistances are often used to absorb stop-loss orders and reserve momentum for the next upward move.

From a technical perspective, the four-hour RSI has entered the overbought zone, which indicates that short-term correction risks do indeed exist. However, there are two possible forms of correction to watch for: one is a repeated oscillation at high levels, gradually digesting the overbought condition; the other is a direct downward dip. Based on space estimates, the retracement could range between 1000-2000 points.

For bulls, the 92-93 range is the golden zone for adding positions. If you insist on shorting, be sure to strictly follow your stop-loss plan and avoid any complacency. Until clear bearish signals appear, bears need to be especially cautious. The market rhythm often causes the most confident traders to get caught off guard.