Can BTC hold steady at the $94,000 level? To be honest, if it really breaks above and confirms a valid breakout, then a clear bullish retracement within the $93,400 to $94,000 range should be expected.

The market is still relatively healthy, mainly because spot trading volume continues to dominate. But conversely, even if you want to short, you need all the key indicators to align.

Let's look at some current signals: net long positions are aggressively chasing higher prices, and open interest has returned to historical highs — this alone is quite sensitive. Plus, the overbought condition is becoming quite evident. Most importantly, liquidation orders are highly concentrated between $98,000 and $101,000. Once triggered, the chain reaction could be more intense than expected.