Bitcoin is standing at an important watershed. When prices hit the critical level of $97,000 but are repeatedly blocked, market sentiment, technical indicators, and on-chain signals are constructing a complex game scenario. Long and short forces are engaged in a tug-of-war at this 'key resistance level', and a new directional choice is approaching.


🟠 Technical perspective: $97,000 is a 'hard nut to crack', and pullback signals are becoming apparent.


✅ Daily level: Short-term momentum is slowing down, which may be brewing a pullback.


Bitcoin has been climbing steadily since successfully breaking through $90,000, and is currently approaching the key resistance zone of $97,000. However, this is not a 'seamless passage'. From a technical structure perspective:


  • The 100-day moving average has crossed below the 200-day moving average, forming a 'death cross', which is typically viewed as a bearish signal in the medium to short term.


  • Prices are starting to slow down as they approach the $97,000 area, and significant oscillation and consolidation are evident, indicating that long and short forces are temporarily at a standstill.


  • $90,000 to $97,000 has become a short-term 'oscillation range', and the short-term bullish energy is beginning to deplete.



This pattern indicates that before Bitcoin attempts to break through $97,000, it may need a 'pullback - accumulation' process to clear floating positions and gather more momentum.



✅ 4-hour chart: Bearish divergence appears, short-term risk is heating up.


Zooming out to the 4-hour cycle:


  • Prices are gradually oscillating down from high levels, consolidating between $93,000 and $97,000.


  • There is a clear 'bearish divergence' between price and the RSI indicator: prices are reaching new highs, but the RSI has not synchronized with new highs, indicating weakening upward momentum and a quiet increase in selling power.


📉 This is a short-term 'hidden worry' signal, indicating that before new buying power enters the market, Bitcoin may enter a 'oscillation and slight pullback' rhythm.


At the current stage, $97,000 is the 'ceiling', and $93,000 is the 'floor'. If the support at $93,000 fails, the price may further retreat to around $90,000 to seek support.



🟠 On-chain data: Liquidity 'bait' is being squeezed from both sides, hunting both long and short positions?


On-chain data shows that the futures market's BTC/USDT two-way liquidation heatmap reveals an interesting phenomenon:


  • There are large 'liquidity pools' above $97,000 and below $93,000.


  • These areas are concentrated with a large number of 'stop-loss' and 'forced liquidation' points, becoming targets that 'smart money' may aim for.



This means:

👉 Breaking through $97,000 may trigger passive short covering, pushing for a rapid short-term rise;

👉 Falling below $93,000 may trigger long stop-losses, leading to a quick sell-off.


💥 The market is 'gathering momentum', waiting for a 'liquidity hunting' event to trigger a chain reaction of liquidations. Once prices deviate from the current range, it may 'amplify market volatility'.



🟠 Multi-dimensional interpretation: This is currently 'solidifying' rather than 'declining'.


Although short-term indicators are releasing 'adjustment' signals, from a broader perspective, Bitcoin is still in an overall bullish trend:


  • The long-term moving averages are still trending upwards;


  • The capital chain has not undergone large-scale withdrawals;


  • The overall market remains in a 'buy the dip' mentality.



This seems more like a 'phase adjustment' rather than a trend reversal.


In other words:

🔍 A short-term pullback is meant to create space for a mid-term breakout.

🔍 $93,000 to $97,000 is a 'momentum accumulation zone' rather than a 'top zone'.



🟠 Operation strategy reference: Wait for 'liquidity explosive points' and follow along.


In response to the current 'key resistance defense' phase, traders may consider:

✅ Do not chase prices in the short term; patiently wait for directional choices.

✅ If it breaks above $97,000 with increased volume, you may follow along with long positions, targeting $100,000 in the short term.

✅ If it falls below $93,000 and is accompanied by increased selling volume, consider trying a light short position, targeting around $90,000.

✅ Maintain a bullish outlook in the medium to long term; any drop below $90,000 presents a 'strategic dip-buying' opportunity.


During the tug-of-war between long and short positions and the accumulation of liquidity, avoid prematurely betting on direction at 'critical nodes'; wait for 'explosive points' to appear, and follow rather than guess.


In this complex environment, leveraging Mlion.ai's real-time on-chain monitoring, capital flow, liquidation data, and KOL sentiment tracking can help traders capture the first time signals for 'directional choice' more quickly.



Conclusion:

Bitcoin is standing at the 'gateway' of $97,000, with long and short forces building up strength; a new 'momentum release' is imminent. At this time, it is more important to remain patient and wait for the wind to come, rather than act rashly.



#BTC

Disclaimer: The above content is for information sharing only and does not constitute any investment advice! Investing involves risks, and caution is required when entering the market.