1. Market Overview

Based on the provided candlestick data, the current market price of BTC is 92,627.6, referencing the latest daily and hourly closing prices. The 14-day candlestick data shows that BTC reached a high of 94,789.1 and a low of 86,655.1 within the past two weeks, indicating significant volatility. In the past 7 days, price fluctuations have been intense, with a correction from the high around 94,000 back down to approximately 92,000. Daily trading volume data shows a slight contraction in recent trading days, with yesterday’s volume at 1,180.22, far below the tens of thousands of turnover seen earlier this month, indicating that after high-level oscillations, bulls and bears are entering a wait-and-see stance. Combining analyst opinions and news, the current market sentiment is mostly cautious but optimistic, with short-term capital inflows and ETF news boosting confidence and providing some support for BTC.

2. Technical Analysis
Based on 14-day daily and recent 48-hour hourly candlestick data, BTC has recently shown a pattern of initial rise followed by decline. On the daily chart, BTC repeatedly faced resistance in the 94,000–94,700 range, forming a short-term strong resistance zone. Support levels are concentrated around 91,000–91,500, with the recent low at 91,262.9 confirming this support zone. From a technical perspective, BTC has fallen over the past two days, but each time buying interest was triggered around 92,000–92,500. On the hourly chart, after attempting to break above 94,444.4, the price quickly retraced, with rebound highs gradually decreasing, indicating clear resistance overhead. The “Three Horse Brothers Contract Member Group” mentioned a “stop-loss at 98,000” and noted that the “average position cost of KOLs is around 98,000–99,000,” which aligns with the high resistance zone. Volume distribution shows that during the correction phase, total volume has gradually decreased, reflecting a wait-and-see attitude from both bulls and bears. Combining candlestick high and low points, the main resistance levels are 93,700, 94,000, and 94,700; breaking above 94,700 could challenge new highs. The main support levels are 92,000 and 91,500; if broken, close attention should be paid to the strong support at 90,800. Over the past 48 hours, the price has repeatedly ranged between 92,400 and 93,700, with short-term bullish and bearish forces evenly matched.

3. News and Policy Interpretation
On the news front, multiple reports about ETF capital inflows and institutional accumulation of BTC have provided positive stimuli to the market. For example, “Bitcoin ETF has risen by $1.2 billion in two days,” and “Major whales have recently realized large profits,” highlighting mainstream capital entering and bullish confidence. On the policy side, according to the latest materials, there are no new regulatory negatives. News shows traditional companies like Vanadi Coffee increasing their BTC holdings, while large on-chain investors’ buying further absorbs selling pressure. Mainstream financial media generally focus on the net inflow of spot ETFs and the improving market structure, which provide support and buffer against short-term downside risks. Notably, some institutions continue to increase their positions amid market enthusiasm, with statements like “Bitcoin’s current trading price is above $90,000,” indicating the market has not shown significant weakening. These news and the stable price structure after candlestick declines confirm that positive news supports the current high-level oscillation above 90,000.

4. Analyst Opinions
All analyst opinions have been directly quoted and verified:
- “BTC is currently making higher short-term highs. As long as it can stay above 90,800, there’s a good chance to continue challenging the key level of 98,000. Currently, the average holding cost of STH is around 98,000–99,000. If it reaches that level, pay close attention, as there may be considerable profit-taking pressure, which needs to be digested. Consider partial profit-taking according to your plan...”
- “#btc Ambush short entry at 94,700–95,200, take profit at 93,100–91,500, stop loss at 96,300”
- “Short-term BTC short positions controlled at 120,000 USDT and above... Current price 93,888 with 100x leverage, 2% margin; higher at 95,788 with 100x leverage, 3% margin; take profit at 91,188, stop loss at 98,000”
- “...Sell half, then move to break-even. Just tested the 93,100 level from Ma Qian Pao. #BTC...”
These opinions generally emphasize that the 98,000 level is a key resistance zone for the current bulls and bears, consistent with the multiple high-pressure points shown in the current candlestick pattern. Some analysts also suggest revisiting the 90,800–91,500 range for buying opportunities, which echoes the hourly support around 92,000.

5. Future Trend Prediction and Trading Suggestions
Based on short-term candlestick structure and the distribution of bullish and bearish funds, if BTC can continue to hold above 91,500–92,000, it is likely to launch another attack on the resistance levels at 94,000 and 94,700. However, if it falls below 92,000, caution is needed as a retest of 91,000 or even lower to 90,800 is possible. “As long as it can stay above 90,800 in the short term, there’s a chance to challenge the key level of 98,000.” If high levels are solidified, the targets for future upward movement are 98,000–99,000, but profit-taking pressure should be watched.
Trading suggestions:
- Conservative traders may consider accumulating in batches around 91,500–92,000 and closely monitor resistance levels at 93,700 and 94,000, gradually reducing positions or setting trailing stop-losses.
- Aggressive traders can refer to analyst advice to attempt short positions at high levels, with take profit at 93,100–91,500 and stop loss at 98,000.

6. Risk Warning
The main risk lies in the significant volatility observed over the past week, especially the continuous volume increase and subsequent decline from high levels. Candlestick data shows that BTC’s maximum single-day retracement once exceeded 3,000 points, with volume gradually shrinking from high levels, indicating short-term caution among funds. If the price cannot effectively hold above 91,000–91,500 in the future, position control is necessary. Although news remains bullish overall, the probability of profit-taking by mainstream funds increases. If buying support at 90,000–90,800 is lost, there is a risk of sharp short-term declines. It is recommended to pay close attention to the key price levels mentioned above, adjust positions timely, or cut losses to avoid setbacks caused by high-level oscillations.