Bitcoin’s current situation, to put it bluntly, is that it’s stuck between two “walls of chips” above and below.

If you look closely, there are two critical levels on the chart right now:

At the top, around 94,500, there’s a cluster of trapped positions and short sellers ready to enter.
At the bottom, near 90,000, there’s a large accumulation of stop-loss orders and bottom-fishing funds.

My view? The usual play by the main players is: first, a quick dip to thoroughly activate the chips below 90,000, swallowing up all those stop-loss orders, and only then is there room to move up. This move is called “cleaning up the trash”—without kicking out the bulls below, where would the fuel for a rally come from?

You need to understand one thing—in the eyes of big traders, liquidity is never real support or resistance; it’s a hunting target. Wherever chips are concentrated, that’s where they sweep.

Make your own decisions accordingly.