Bitcoin Latest Market Analysis + Support and Resistance Levels Sharing!!! #BTC $BTC

🔥 European Session Analysis: Continuous High-Level Short Squeeze, 93,000 Becomes the New Battlefield
Latest Situation:
Trend Continuation: After yesterday’s “Opening Red” surge, BTC did not experience a deep correction but adopted a strong “high-level sideways consolidation” approach. The price remains firmly above 93,000, indicating strong buying momentum and refusing to give latecomers a chance to buy in at lower levels.
European Session Dynamics: After the European stock markets opened, funds continued to flow into risk assets. The current level of 93,411 is just a step away from the short-term profit-taking zone at 94,000 - 95,000.
Current Logic: The market is in an extremely euphoric main upward wave. 92,000 - 92,500 has transformed from yesterday’s resistance into today’s strong support. As long as it does not fall below 92,000, any pullback is just to gather strength for a push towards 95,000.
1. Support and Resistance Levels (Precise Calculation)
Short-term Support (1-3 days, Intraday)
92,800: Immediate support. The middle band of the hourly Bollinger Bands, also the lower boundary of the Asian session oscillation.
92,200: Strong support. The top of yesterday’s rally consolidation platform, also the defensive line for aggressive bulls intraday.
91,500: Intraday bull-bear dividing line. Falling below this indicates the end of the short-term short squeeze and a shift to wide-range oscillation.
Medium-term Support (1-2 weeks, Swing)
90,000: Super strong bottom (top-bottom reversal). The launch point of this round of market, an absolute lifeline.
88,500: Top of the box range, trend defense level.
86,000: Major structural bottom.
Short-term Resistance (1-3 days)
93,800 - 94,000: Immediate resistance. Intraday high and integer level, short-term profit-taking pressure.
94,800: Fibonacci extension 1.618 level, prone to quick pullbacks.
95,500: Extreme short-term sentiment.
Medium-term Resistance (1-2 weeks)
96,500: Swing upward target.
98,000: Final hurdle before breaking 100,000.
100,000: Historic milestone.
2. Comprehensive Analysis and Best Entry Strategies
Overall View: The current level of 93,411 is in the “high relay of the main upward wave.”
Bullish Strategy: The trend is extremely strong; riding the trend is the only way. However, considering the pressure zone near 94k-95k, full position chasing at the current price is not recommended. Instead, wait for hourly pullbacks.
Bearish Strategy: Only attempt very light short positions (top fishing) when reaching the 94,800 - 95,000 zone and a clear long upper shadow appears; otherwise, strictly avoid contrarian trades.