Bitcoin's recent trend is quite interesting—rebounding from around $89,800 and now firmly above $91,600. In the short term, the probability of an upward move is about 55%, and the main reason is one word: money. Large orders have shifted from net outflows to net inflows, with over 3,560 BTC bought in the past 24 hours, which is the real engine driving the price higher.
Looking ahead, the $92,000 to $92,100 region is a hurdle, close to the 24-hour high. If large order funds continue to pour in, there’s a chance the price could break through this level, making $94,000 to $95,000 not just a dream.
But to be honest, risks are also present. The support level below has moved up to $90,500. It sounds good, but the leverage long-short ratio is stuck at a high 86.75%, with longs heavily stacked. Once the price pulls back, it could trigger partial liquidations, amplifying short-term volatility. Those holding positions should be cautious.
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Bitcoin's recent trend is quite interesting—rebounding from around $89,800 and now firmly above $91,600. In the short term, the probability of an upward move is about 55%, and the main reason is one word: money. Large orders have shifted from net outflows to net inflows, with over 3,560 BTC bought in the past 24 hours, which is the real engine driving the price higher.
Looking ahead, the $92,000 to $92,100 region is a hurdle, close to the 24-hour high. If large order funds continue to pour in, there’s a chance the price could break through this level, making $94,000 to $95,000 not just a dream.
But to be honest, risks are also present. The support level below has moved up to $90,500. It sounds good, but the leverage long-short ratio is stuck at a high 86.75%, with longs heavily stacked. Once the price pulls back, it could trigger partial liquidations, amplifying short-term volatility. Those holding positions should be cautious.