$BTC

The monthly line is about to reach its closing point. Combining recent market data and technical indicators for comprehensive analysis, there is a significant risk of a correction in next month's market, with prices likely to first retract to the 85000 support range, and further downside potential cannot be ruled out.

From a technical perspective, the price of the cryptocurrency has rebounded three times to touch the critical resistance level of 95000 but has been suppressed and retreated, indicating concentrated selling pressure in that area. Recent trading volume has continued to expand but prices have stagnated, clearly reflecting a divergence between volume and price, which indicates a significant increase in selling pressure from above, and the bullish momentum is waning, with strong willingness to offload by those trapped in the market.

Current main funds may adopt a sideways oscillation strategy to ensure that the monthly line closes with a bullish candlestick pattern to maintain the illusion of technical recovery. In the short term, prices are expected to oscillate in the 95000 central range to digest the trapped positions. Even if there is a short-term breakout above the previous high of 95780, the upward space is still relatively limited: initial resistance levels are at 96200-96600, with strong resistance concentrated around 97700, and a breakthrough in this range requires a substantial improvement in volume structure.