Good evening everyone. Today’s Bitcoin market is quite interesting; let’s analyze it carefully.

The current price is hovering around 91,366, with bulls and bears constantly battling around this important psychological level of 90,000 USD. Looking at the liquidation strength distribution, there’s a lot of information.

Upward, the range from 92,800 to 93,300 has accumulated 387 BTC in short liquidation strength. What does this mean? Once the price strongly rebounds and breaks through this area, it will trigger a large number of stop-losses from short positions, causing a rush of liquidations and a stampede-like surge, potentially pushing the price rapidly higher. This is what’s called a short squeeze effect.

Downward, at the same 92,800 level, there is also a dense 375 BTC in long liquidation strength. The situation is reversed: if the price cannot hold support and falls below, longs will face chain liquidations, and the market will accelerate downward.

Therefore, the 92,800-93,300 price zone is tonight’s critical line of life and death. Both bulls and bears are amassing ammunition here, and the price is stuck in the middle, caught between a rock and a hard place.

Why is this happening? Ultimately, it’s a matter of market sentiment. Previous policy fluctuations have made everyone a bit nervous, and expectations for 100,000 USD remain high. During the US stock market closure, this sentiment was suppressed. When the US stock market opens tonight, and global liquidity flows back in, that will be the real test.

In terms of trading strategy, there’s no need to guess short-term direction. The key is how the price performs in front of this liquidation “powder keg” at 92,800-93,300. If bullish sentiment is suppressed by policies and there’s pressure from liquidations above, then shorting in this zone becomes more attractive. In the short term, high-level short positions are indeed more prudent.

But one thing to remember: the more critical the level, the more intense the volatility, and stop-loss settings must keep pace. Both sides could be wrong, so protecting your capital is the top priority.

Simply put: the more turbulent the market, the more tempting the opportunities, but the risks are also greater. Tonight’s key points are to watch the US stock market opening and the performance around 92,800.