Bitcoin is currently in a structurally weak and directionally unclear narrow oscillation range.

The upper limit is constrained by strong resistance around 94,200, while there is support near 87,000.

As long as the price fails to effectively break through the resistance zone of 94,200-95,000, the medium-term technical outlook remains bearish. If it successfully breaks through this area, it could open the possibility to test upwards towards 98,000 and even 102,000 (52-week moving average).

12.14 $BTC

Bitcoin: 90,300-90,800 short, looking at 89,800-89,400 stop loss 91,300

The above views are for reference only and do not constitute investment advice. Investors operate at their own risk!