Last Sunday, Bitcoin's price movement touched the resistance zone, requiring caution in the 92,000-94,000 price range. Particularly near the 94,000 previous high, many aggressive investors chasing rallies are currently trapped in losses. While the rebound in this zone appears attractive, the persistence of historical resistance levels is often overestimated by the market. For short-term traders, this area is more suitable for observation rather than blind entry. Waiting for clearer breakout signals or support retests is typically a more prudent strategy choice.
Last Sunday, Bitcoin's price movement touched the resistance zone, requiring caution in the 92,000-94,000 price range. Particularly near the 94,000 previous high, many aggressive investors chasing rallies are currently trapped in losses. While the rebound in this zone appears attractive, the persistence of historical resistance levels is often overestimated by the market. For short-term traders, this area is more suitable for observation rather than blind entry. Waiting for clearer breakout signals or support retests is typically a more prudent strategy choice.