Bitcoin experienced a rapid drop last night, momentarily forming a deep spike pattern before triggering a sharp V-shaped rebound. This volatility structure exhibits typical characteristics of leveraged long liquidation. The current coin price has rebounded to a key resistance area, with primary pressure concentrated in the 93700-94200 range, while subsequent resistance is located in the 95200-96200 area. If it can effectively break through 95200 and stabilize at that level, the technical outlook may further challenge the 97000-98000 high range. The short-term support level to watch is the 92700 defense line, with a secondary support level near 91800. This market movement reflects an intensification of the bullish-bearish tug-of-war, and in the short term, it may maintain a fluctuating pattern. It is recommended to closely monitor the direction of key level breakthroughs and the accompanying volume situation. $BTC #加密市场观察