Bitcoin is currently in a critical consolidation phase. From the weekly chart perspective, there are two resistance levels at 92.5K to 93.5K and 95K. Without effective volume breakout, the price may retest the support zone at 89K to 90K, and could even bottom out at the ultimate line of defense at 85K.

On the daily chart, the market shows signs of a volume-contracted rebound. After approaching 92,600, the price encounters resistance and then pulls back. Market liquidity is noticeably weak, and the final decision between bulls and bears is imminent. Significant volatility may be approaching.

From a trading standpoint, the support levels are: $89,500 as a strong support, and $85,000 as the last line to prevent panic selling. On the resistance side, the zone between $93,000 and $95,000 forms a major accumulation area. Once broken, BTC is expected to challenge the psychological barrier of $100,000.

For short-term trading, it is recommended to adopt a buy low, sell high strategy. Focus on shorting opportunities in the 92.5K to 93.5K range, and consider the 90.3K to 90.6K zone as a potential entry point for a second long position. However, always strictly control your positions and avoid heavy exposure to gamble on this uncertain trend.

It is especially important to be cautious because the market has not yet formed a solid bullish consensus. Trading volume remains weak, and the risk of fake breakouts inducing false signals for either longs or shorts still exists. Therefore, stop-loss placement must be taken seriously.