#数字资产动态追踪 BTC1hour game in progress, who can decide the key resistance and support

The current price action is becoming more and more interesting. The 93500 level is in front of us; once a volume breakout occurs above it, the space between 95000-96000 will open up. Conversely, if it falls below 90500, we need to watch out for a deeper correction.

From the candlestick pattern, the BOLL Bollinger Bands (20,2) are starting to narrow, with the middle band around 9169.5, the upper band at 93039, and the lower band at 90353—currently, the price is close to the upper band but has not yet broken through effectively. This narrowing situation is usually a signal, often indicating a forthcoming trend.

The MACD story is also quite telling. DIF (481.4) is still above DEA (384.5), but the red histogram is gradually shrinking, indicating that the bullish momentum is temporarily weakening. We should be alert to the risk of a potential bearish divergence.

Looking at volume and price, the trading volume during upward moves is decent (around 2.8k), but volume shrinks noticeably during corrections, suggesting that the main short-sellers haven't fully exited yet—they are just resting. However, the 93000-93500 zone has been tested multiple times without breaking, making it a solid hourly resistance.

On-chain data is also worth noting. Large whale addresses have slowed their accumulation over the past 24 hours, but no large-scale sell-offs are seen. The BTC balance on exchanges continues to decline, tightening liquidity, and selling pressure isn't significant. The options open interest put/call ratio (PCR) suddenly dropped sharply, indicating the market sentiment might be overly greedy, and the risk of a correction or shakeout should be guarded against.

On the news front, the Federal Reserve's interest rate decision approaching early 2026 could send dovish signals, providing an excuse for many risk assets to break out. The Layer2 ecosystem of Bitcoin has seen a 30% surge in TVL this week, strengthening the underlying value support.

What’s the outlook?

Bullish scenario: If the 1-hour candlestick can hold steady above 93500 (preferably with volume breakout), then focus on the target zone of 95000-96000. The upper Bollinger Band is a signal to add positions.

Bearish risks must also be acknowledged: if it drops below 90500 (BOLL lower band), it may retest 89000 for support. If MACD forms a death cross, stop-loss should be executed promptly.

Strategically, the current price level is best for observation. If it breaks above 93500, go long with a stop at 92500. Conversely, if it breaks below 90500, try short positions with a stop at 91500.

Final note: The longer the market consolidates, the more explosive the breakout will be. At this stage, it’s somewhat like a fish’s tail before a surge—patience is often the key to winning rather than reckless moves. $BTC