#MarketRebound
$BTC $ETH
ETHUSDT
Perpetual
3,403.25
+1.99%
$BTC
BTC
94,185.66
-1.91%
Based on the Coinglass chart, this is additional analysis to predict the direction of BTC:
1. Liquidity Zone Analysis:
• Price range from 92,000 - 93,000 USDT: There is high accumulated liquidity, indicating many buy orders waiting in this area. This is a strong support zone; if the price drops, there is a likelihood of a bounce back from here.
• Price range from 96,000 - 97,000 USDT: There is average accumulated liquidity, serving as a temporary resistance zone. The price needs strong buying power to surpass it.
2. Price Movement Potential:
• With strong liquidity in the 92,000 - 93,000 USDT range, BTC is unlikely to drop significantly below this area in the short term.
• The current level of 94,000 USDT lies between two liquidity zones. If buying pressure increases, the price could head towards the 96,000 USDT range, but the potential for a further bounce will encounter strong resistance.
3. Combining with Trend and Indicators:
• If BTC holds above 94,000 USDT: It is likely to continue recovering and test the 95,500 - 96,000 USDT range in the next hour.
• If BTC drops to 92,000 - 93,000 USDT: This will be an important support zone. The price could bounce back strongly from here, creating upward momentum towards the 94,500 USDT range.
4. Short-term Prediction (5:30 PM - 9:00 PM):
BTC tends to fluctuate within the range of 93,000 - 96,000 USDT,
favoring a recovery trend towards 95,500 - 96,000 USDT if buying pressure remains stable.
