The price of Big Cake $BTC quickly rebounded after a drop to 92.7K yesterday, confirming the "long stagnation must fall" curse. In the past 24 hours, the battle between bulls and bears has been intense: shorts concentrated their liquidation in the 94K-96K range exceeding 120 million U, while bulls liquidated 83 million U in the 91.7K-92.5K area. The aggregated open interest has decreased by 7.3% compared to the previous day, indicating an accelerated turnover of positions. The daily line closed with a long upper shadow doji, with the body penetrating the middle track of the Bollinger Bands. The 4-hour MACD has formed a top divergence, and the KDJ indicator has formed a death cross below the 50 midline, a typical "evening star" reversal pattern. The current price is still under pressure from the 95K dollar selling positions, while the 91.5-92K range holds the largest bull cluster of the year. This "upward pressure and downward squeeze" pattern indicates that severe liquidations are imminent in the short term. We maintain our original judgment: the market has entered a critical point for a trend reversal, and we should keep a close watch. If it breaks below 91K, we must guard against the risk of a long squeeze.