Currently, BTC is in an oversold area, with market selling pressure significantly weakening. The daily line is still hovering below the 5-day moving average, presenting a weak pattern. However, as the bearish candlesticks grow larger, they provide an incentive for bottom-fishing funds to enter the market. The holiday effect has made the market quiet, but some strong coins have shown signs of stabilization, indicating that the overall bottoming phase is gradually becoming apparent.

In the short term, BTC has strong support in the range of 92970 to 91850, with an increased probability of a rebound. The resistance level of 96970 to 98250 is a key breakthrough point. Meanwhile, the bearish candlestick signals at the daily level may become a good opportunity to position in the spot market, accumulating strength for a mid-term upward move.

Market sentiment is warming, bottoming signs are gradually emerging, and both funding logic and historical trends support a shift toward bullish thinking. Whether it is short-term buying on dips or mid-term spot positioning, this moment is a critical point for capturing future rebound opportunities.

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