$BTC $BTC $BTC The market seems to be in a calm phase before the storm. Bitcoin is currently oscillating between 94,000 and 96,000, and it is noticeable that there is no controlling party—neither buyers nor sellers.
However, what is really striking is the area above 97,000, which is full of short positions with leverage, meaning if the price goes up there, we might see a significant short squeeze, and those who are short may be forced to liquidate.
On the downside, the 93,000 to 95,000 range has nice support, with people entering buy positions and ready to defend their positions.
In short: the market is currently sleeping, but any break upwards or downwards could change the entire picture.