Bitcoin is once again approaching $93,000. Glassnode data shows that there is a significant accumulation of short positions between $92,500 and $94,000, indicating that if the price rises further, a squeeze may occur. Technical analysis shows that Bitcoin has re-established itself above the 20-day moving average near $90,500, with the Bollinger Bands expanding, signaling increased volatility and the potential for further rise to $97,900. If it can effectively break through $93,000, it may trigger a rapid pump; however, if it is blocked and falls back, this area will become a key resistance level.