Looking at the recent market data, I believe many people have noticed it. Let me directly share my judgment: the current trend is likely to first push upward, aiming to break through that $96,000 resistance level.

The reason is quite straightforward. Comparing the liquidation walls on both sides makes it clear. At the 94,000 level below, there are accumulated long liquidations totaling 442 million; at the 96,000 level above, there are 250 million in short liquidations. Which side has a thinner defense line and is more likely to become the "leverage point" for large funds to move the price? It's obvious at a glance.

From on-chain data, a large amount of short-term positions are concentrated around this area. The price repeatedly oscillates and consolidates here, essentially eating up liquidity on both sides. Now that the liquidation zone is clearly defined, for whales and high-frequency strategies, using less capital to push through the 96,000 level and trigger a chain of short liquidations (closing positions means buying) to create a rapid upward movement is a very cost-effective move. This is not some mystical theory; it’s the most genuine cost consideration of market participants.

My judgment remains unchanged: as long as macro liquidity does not show a clear reversal, the areas of dense liquidations at key levels often serve as "indicators" pointing to the short-term direction. I tend to believe that a test of the 96,000 level will come soon. Once broken through and confirmed, the space above will quickly open up due to this wave of liquidation. Keep a close eye on the market; the market’s direction is about to become clear.