BTC has been testing the range repeatedly since December 12, with the whole rhythm going up and down in a circle. Yesterday, there was finally a new move, directly breaking the previous trend line, but it was immediately pushed back down. That long upper wick above indicates something; the short positions are still quite aggressive.

The current position is crucial. If it can break above 90600, following the upward rhythm, the area from 90600 to 94000 will be the real consolidation zone, and it is likely to continue testing upwards. However, if it cannot break above 90600, the logic reverses, and support should continue to be sought below.

To be honest, this position is a crossroads right now, with both bulls and bears having their reasons. The bulls want to push to 94000, while the bears are firmly holding their ground. The key lies in the performance of the next two or three trading days, as the 90600 line itself determines the short-term direction.