Bitcoin Rode the Roller Coaster Again Last Night, $92,600 Is Now the Focus of Bulls and Bears

**Breaking $124,000, Liquidation Data Tells the Story**

Last week, BTC surged to $124,000, rising 1.74% in 24 hours and hitting another all-time high. According to Coinglass, there were $73.23 million in liquidations across the market within one hour, with shorts being the main victims—BTC alone accounted for $51.4 million in liquidations. The bulls counterattacked fiercely, catching the bears off guard.

**It’s Not Just Bitcoin Going Up**

After Bitcoin broke $110,000, the entire crypto market went into overdrive. Ethereum followed suit, and the meme coin sector was even crazier—SPX6900 and dogwifhat both skyrocketed over 50% in a single day. AI and GameFi sectors were also on the rise. The total crypto market cap surpassed $3.8 trillion, with funds flowing in rapidly.

**Several Reasons for the Surge**

Institutions have been active. BlackRock’s ETF had a single-day net inflow of over $200 million, and the total scale of ETFs has surpassed $50 billion. With big money entering, prices are naturally pushed higher.

There’s also good news on the technical side. Bitcoin’s scaling solution has been implemented, boosting transaction speeds by 30%, which is a confidence booster for investors.

Another background factor is global inflation remaining high. BTC is being used as “digital gold” for hedging, so the influx of capital makes sense.

**But There’s Pressure Too**

Regulation is still a risk. Multiple countries are tightening crypto regulations, and the US SEC is cracking down on tokenized securities, causing some market panic.

Technically, there’s heavy selling pressure around $92,781. The MACD histogram keeps shrinking, indicating weakening bullish momentum and the possibility of a bearish counterattack at any time.

Additionally, strong performances from competing coins like Ethereum and Solana have diverted some funds, limiting BTC’s upside potential.

**How to Operate Today? A Few Ideas**

Light positions and trial trades are the basic principle. Allocate 20%-30% of your total funds, set your stop loss near the $91,316 support level, and avoid deep losses.

If the price holds above the $92,781 resistance, consider increasing your position to 50%. But when volatility is high, keep leverage at 2-3x to avoid getting liquidated due to over-leverage.

For technical indicators, use the MACD histogram and KDJ oversold signals to identify buying opportunities. If RSI drops below 30, watch for oversold rebounds.

**Keep an Eye on Key Signals**

If trading volume suddenly spikes and the price breaks above $92,781, a short squeeze could be triggered, with a target of $94,000. In these moments, speed and position management are both crucial.

That’s the current market—opportunities and risks coexist. The data is there; how you act depends on your own judgment.