Bitcoin just pushed through a major intraday breakout, running from the 91,000 zone straight into 94,594 before cooling off slightly. The move was clean, violent and fueled by real liquidity, not thin order book drift. The 15m structure shows strong momentum with price holding well above all key moving averages, and the MA5 and MA10 are still pointing sharply upward. This is the kind of displacement that usually comes from a mix of spot demand and short squeezes rather than simple trend following.

The breakout started when BTC reclaimed 92,500 and absorbed the last layer of sell pressure. Once that wall cracked, the order book flipped and shorts began closing aggressively. The candles show almost no wicks during the run, which signals a market moving through low resistance pockets with buyers chasing every pullback. Funding rates across perp markets are rising but not overheated, which confirms traders are adding longs but the move has not yet become overly crowded.

Volume surged on the breakout leg and remained elevated during consolidation under 94,500. That tells us buyers are still present and whales are not unloading into strength. The rotation after the high is normal profit taking and not a structural rejection. Price is currently hovering around 93,700 while holding the breakout zone above 93,200.

Key support for the trend now sits at 93,000 to 93,200. As long as BTC stays above that range, the bullish structure remains intact. A deeper pullback toward 92,500 is possible if momentum fades, but that level would likely attract another wave of buyers unless market sentiment shifts sharply.

The next resistance is the 94,600 to 95,200 liquidity band. A clean push through that zone would open the door for further expansion. For now BTC is in a strong momentum phase with improving market participation and no signs of forced selling. The trend remains constructive until the lower supports give way.

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