From the perspective of Bitcoin liquidation distribution, there are currently two obvious liquidation clusters above, around 93800 and 94700. Based on my technical calculations, the core resistance level should be locked in the range of 93500-94200.

From a trading perspective, around 94200 is a good area to try short positions, with a stop-loss set above 94800 for better safety. This way, you can avoid short-term volatility noise, and risk control is clearer. To be honest, placing a short position at such an important resistance level itself offers a high cost-performance ratio. Most of the time, the price finds it difficult to break through strongly in one go. If it doesn't volume-stand and instead shows a pullback signal, you can take half of the profits first. For the remaining position, either move the stop-loss to the breakeven point or keep it at 94800 for defense. This trading framework naturally helps avoid losses.

Looking further up, the next important resistance is in the 97000-97600 range, but the resistance here is obviously weaker than around 94000. Lastly, and most importantly, keep a close eye on the flow of funds. If capital continues to flow out, the difficulty of breaking upward increases, and the probability of a pullback also rises. Conversely, if there is no significant outflow and funds continue to flow in, the market still has the potential to probe downward and challenge the next resistance zone. Ultimately, position determines profit, and capital flow determines direction.