Bitcoin is rotating higher again after defending the 92,700 region earlier in the session. That level has acted as a clean liquidity shelf, where both spot buyers and short covering stepped in. The 15m chart shows BTC reclaiming its short term moving averages, with the MA5 and MA10 curling upward and tightening. This usually signals that momentum is shifting back toward buyers after a corrective phase.

The rejection at 94,189 earlier came from a heavy block of resting liquidity. Once price tapped that area, sellers pressed back and forced a retrace, but there was no aggressive liquidation cascade. Funding across major perp markets remains stable, which tells us leverage is not driving the move. Instead, the current bounce is coming from spot flow and tactical buyers positioning around short term support.
Volume has been gradually increasing during this recovery, which confirms participation on the upside rather than passive drift. Traders will be watching the 93,800 to 94,200 range closely. That zone remains the key resistance. A clean break above it would open the path for continuation and likely trigger late short exits. Failure to reclaim that level would keep BTC trapped in this intraday chop.
Support remains at 92,700 and then 92,500. As long as BTC holds above those zones, the market maintains a constructive structure with potential for another attempt higher. For now, the bias leans slightly bullish with improving momentum, rising volume, and a steady recovery of short term trend metrics. Buyers still need to clear overhead liquidity to confirm the next leg.
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