BTC's recent trend has been generally oscillating upward, with the short-term target pointing to the 95,000 level.

This morning, it rose to around 92,500, successfully breaking through the previous key resistance zone of 91,500-91,700, but this does not mean the market will continue to rise. From a technical perspective, I tend to believe there will be a pullback, and a retracement to around 91,000 is quite reasonable. Although there was a rebound after the breakout, the strength was not very strong, indicating that the support level at 91,700 may not withstand the test.

Friends looking to enter long positions might want to wait; around 91,000 could be a better buying point—no need to rush into chasing the rally. Buying at this price level now carries a higher risk and lower reward.

If you want to short, 92,500 is a good level to set up. Place a smaller stop-loss and target around 91,000; the probability of this retracement is quite good. In simple terms, this is a short-term technical correction to do a swing trade.