#MarketRebound Based on the Coinglass chart, here 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 area; if the price drops, it is likely to bounce back from here.
• Price range from 96,000 - 97,000 USDT: There is average accumulated liquidity, serving as a temporary resistance area. The price needs strong buying power to overcome this.
2. Price Movement Potential:
• With strong liquidity in the 92,000 - 93,000 USDT range, BTC is unlikely to drop significantly below this level in the short term.
• The current level of 94,000 USDT is situated between two liquidity zones. If buying pressure increases, the price may head towards the 96,000 USDT area, but the potential for a further bounce will encounter strong resistance.
3. Combined with trends and indicators:
• If BTC holds above 94,000 USDT: It is highly likely to continue recovering and test the range of 95,500 - 96,000 USDT in the upcoming hours.
• If BTC drops to 92,000 - 93,000 USDT: This will be an important support area. The price could bounce back strongly from here, creating 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.