Analyst Murphy: The resistance for BTC to return to $90,000 is relatively small, with the key resistance level at $92,000.

According to Mars Finance news, analyst Murphy pointed out that based on current data observations, it is not difficult for BTC to return to $90,000, as $90,000 is not a strong resistance level. The average cost of short-term holders indicates that BTC may only encounter strong selling pressure when it enters the range of $92,000 to $99,000. At the same time, options market data shows that Call activity at the $92,000 strike price is significantly higher than at $90,000, especially the sell Call at $92,000 is much higher than at $90,000, which will lead to strong resistance in the market. Murphy emphasized that the key battle zone for BTC above $92,000 is the core area that determines the trend, especially close to the $98,000 position, which is the “fair price” line for BTC in nearly a decade. However, the recent market has seen confidence undermined due to a massive amount of realized losses, making it difficult to form effective purchasing power in the short term. The future trend of BTC still needs to focus on market sentiment and the performance of key resistance zones.