$BTC Night Market Alert

The current price of BTC is 91,700 USD, with a narrow range of fluctuations during the day (91,183-92,303 USD). The trading volume has shrunk, and the battle between bulls and bears is intense, with a focus on key price levels and liquidation risks during the night.

Core Data Signal

1. Significant Divergence Among Whales: A mysterious whale has accumulated 2,800 BTC (worth $264 million) over the past two weeks, while during the same period, Mentougou transferred 185 BTC (worth $1.68 million) to a CEX, raising concerns about selling pressure.
2. Concentration of liquidation risk: A certain whale has a 40x short position (148 million USD) with a liquidation price of 97,707 USD; if breached, it will trigger a strong liquidation surge; the liquidation scale of long positions at 89,480 USD reaches 870 million USD.
3. Macroeconomic disturbances persist: Expectations for a Federal Reserve interest rate cut have fallen below 50%, and liquidity tightening is suppressing non-yielding assets, which are significantly under pressure in the short term.
4. Volume-Price Divergence: A rebound without volume support, insufficient upward momentum, beware of the risk of a pullback.

Core Focus of Trading

- Resistance: $92,300, break through to look at $93,000; strong resistance at $97,707 (short liquidation line)
- Support: $91,180, breaking down to $89,480 (long liquidation zone), extreme view at $88,500

Operation Suggestions

- Long: Test with light positions relying on $91,000, stop loss below $90,800, add positions again after breaking through $92,300, avoid heavy positions chasing long.
- Short: Open a light short position near 92300, with a stop loss above 93000, and be wary of a liquidation backlash at 97707 USD.
- Risk control first: position at 10-20%, night fluctuations may amplify, do not stay in battle before key price levels break