📊👀 $BTC has decent liquidity clusters around the $96K-$98K level. It seems like most people are betting on a big downside here. #crypto

Bitcoin's cost basis sits at $98,000, but the real test ahead lies at the 200-day moving average—currently around $105,900. This level matters because it's a critical resistance zone in the broader cycle. Looking at the Mayer Multiple Z-Score data from the recent low, we're seeing something that hasn't happened since 2022. The market has essentially reset itself. Whether Bitcoin can break above this moving average will be crucial. If it does, we could be looking at a significant shift in market dynamics.

Bitcoin is currently stuck at the 95100-95200 level, with a 24-hour decline of only 0.14%. It’s likely to oscillate this way into the night. Key levels to remember: Looking down, 94600 is the first line of defense. If it really breaks, 93300 below will support. Looking up, 95700 is a hurdle, and only above 96900 is there real pressure. How to operate? For spot trading, don’t mess around. Consider adding small positions only after a pullback to the 94600-93300 range. If it directly breaks 93000, don’t hesitate—exit quickly. Contract traders can play the game of buying low and selling high within this range. Keep your positions light. Once the range is broken up or down, follow the trend. Currently, there’s no big news for Bitcoin. Never chase the market or panic sell. Risk management always comes first.