BTC Technical Overview

94500 has completed the switch between support and resistance. The first rebound has a space of about 1000 points, but the momentum is insufficient, so it is temporarily viewed as a weak rebound.

Next week's focus is on the retracement range:

As long as the price does not fall back below 91000, the structure still retains the possibility of testing around 100,000;

Be aware that the market may leverage sentiment to push prices up, but could face resistance and fall back near the 0.5 retracement level, continuing the previous downward trend and exerting pressure on the bulls.

Currently, the price is temporarily supported by the moving average area around 94500. In the short term, it can be seen as a range of
94500 (±500) — 98000.

The trading strategy remains to handle positions within the range on rallies, as chasing gains offers limited value.