At exactly 9 PM, the BTC reached over 96k 😁

#MarketRebound $BTC $ETH

$BTC

Based on the Coinglass chart, this is additional analysis to predict the direction of BTC:

1. Liquidity Zone Analysis:
• Price range from 92,000 - 93,000 USDT: There is high accumulated liquidity, indicating many buy orders waiting in this area. This is a strong support zone; if the price decreases, it is likely to bounce from here.
• Price range from 96,000 - 97,000 USDT: There is average accumulated liquidity, which is a temporary resistance area. The price needs strong buying power to break through.

2. Price Movement Potential:
• With strong liquidity in the 92,000 - 93,000 USDT range, BTC is unlikely to drop significantly below this level in the short term.
• The current level of 94,000 USDT is situated between two liquidity zones. If buying pressure increases, the price may move toward the 96,000 USDT range, but the potential to bounce further will encounter strong resistance.

3. Combined with Trend and Indicators:
• If BTC holds above 94,000 USDT: There is a high probability it will continue to recover and test the 95,500 - 96,000 USDT range in the coming hours.
• If BTC drops to 92,000 - 93,000 USDT: This will be an important support zone. The price could bounce strongly from here, creating momentum back toward the 94,500 USDT range.

4. Short-term Prediction (5:30 PM - 9:00 PM):

BTC tends to fluctuate within the range of 93,000 - 96,000 USDT,

favoring a recovery trend towards 95,500 - 96,000 USDT if buying power remains stable.