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Bitcoin is performing steadily around $92,000, and recent market attention on the bulls has clearly increased. Observing the derivatives market shows that although the main bullish trend is prominent, the maximum pain point still lies below the current price. This misalignment has significant implications for the short-term trend.
From a technical perspective, BTC is currently trading at $92,267. The bullish trend remains dominant, with an RSI reading of 52.0 indicating a positive market sentiment. Key support levels are around $90,421.66, with resistance above at $94,112.34. The level at $93,651 is particularly critical—breaking through it could serve as a trigger for accelerated upward movement.
Honestly, this price structure feels quite comfortable, with bullish forces clearly stronger than bearish ones. While there is short-term upward momentum, the risk of a correction should not be overlooked, and complacency must be avoided.
Based on the current situation, my trading plan is as follows: maintain a 50% position for now. Place the stop-loss slightly below $90,421.66 to manage risk, and aim first at the resistance level of $94,112.34. Once it breaks above $93,651, I lean towards increasing the position to around 70%. This bullish atmosphere would be a shame to miss out on. But ultimately, the market changes too quickly, and reversals can happen at any time, so caution is essential.
**Key Price Levels at a Glance:**
• Support: $90,421.66
• Resistance: $94,112.34
• Breakout Level: $93651
What are your thoughts on this level? Feel free to share your ideas.