The recent market movement this morning is almost "the end of the bears." Yesterday, BTC was fluctuating around 91,800, but during the US stock session, BTC suddenly gained momentum, pushing sharply to around 96,500. ETH followed suit with a 7.3% increase. The overall market style is highly consistent—a typical short squeeze pattern.

Now the question is: Can we chase? Is there still room for long positions? Will it be knocked down near the previous high? Instead of guessing blindly, it's better to see what the market is telling us.

**BTC Support and Resistance**

Short-term defense line (1-3 days):
94,600 is the recently broken resistance level; now it must hold.
92,400-92,600 is the most critical zone—yesterday's top has become today's bottom. As long as the bulls hold here, the trend remains intact.
91,500 is the dividing line; a true breakdown would be a false breakout, but the probability is low.

Medium-term outlook (1-2 weeks):
90,000 is the solid bottom; repeated tests this week haven't broken it, so the bottom is stable.
88,000 was once the top of the range.
86,000 is the critical point for trend reversal.

Where is the resistance above?
96,800 is the target for this wave.
98,500 is the last hurdle before hitting 100,000.
100,000—this is a historic moment.

In one sentence: The bulls are still in a strong position, and the key is whether they can hold the 92,400 support line.