BTC RETURNS TO $90K: SHORT SQUEEZE IS OVER, WILL THE TREND CHANGE DIRECTION?
Bitcoin has reclaimed the $90,000 mark after a series of strong corrections, ETH has also surpassed $2,900, bringing the total market capitalization back to around $3 trillion. This bounce has a very clear technical color.
Notably, in the last hour, liquidations were only about $100M, but 98% came from short positions. This is a typical sign of a small-scale short squeeze, where short sellers are forced to close positions as prices rise quickly.
However, regarding the trend structure, this is only a bounce after a sharp drop, and there is not enough data to confirm that the market has returned to a medium-term uptrend. Volume still needs to be monitored in the upcoming sessions, especially the reaction at the resistance zone of 91.5k–92k.
A short-term risk factor is that at 2 AM tomorrow, President Trump will give a speech. Any signals related to fiscal policy, trade, or crypto could cause significant volatility during the Asian session.
In summary: the market has “cooled down” selling pressure, but a sustained upward trend still needs to be confirmed by real cash flow.
