#比特币六连涨 Bitcoin, after experiencing six consecutive days of strong gains, encountered resistance at the high of 94,000 today, with the price pulling back to around 93,000 and oscillating. The bulls and bears are engaged in a significant struggle, and institutional fund movements are showing clear divergence. The US Bitcoin spot ETF is generally experiencing net outflows, totaling over $200 million. Although some leading ETFs have seen increased holdings, the overall trend reflects cautiousness among institutions at the current price levels.

In the derivatives market and on-chain activities, whale accounts have recently been frequently engaging in high-leverage operations on decentralized trading platforms. Large positions worth tens of millions of dollars are common, with intense capital battles. Some long positions quickly switch to short after stop-loss exits. The 12-hour Vega channel has formed short-term resistance, indicating heavy selling pressure near the resistance levels above, and the market is in a structural tug-of-war between bulls and bears.

Bitcoin is currently trading within a wide range of 91,300 to 99,126. If the price stabilizes and breaks through the current resistance, the next liquidity target is directly at 98,000. If it cannot hold steady in the short term, key structural support is concentrated around 91,300 to 90,000. Once the 90,000 level is broken, deeper liquidity zones and support levels below will shift down to 85,000 or even lower.

The current strategy is mainly to operate within the range, focusing on opportunities for high sell and low buy. Consider attempting a light short position around 94,000, and look for long entries in the retracement zone between 90,500 and 88,600, while strictly setting stop-losses outside the operational range. If the market experiences extreme volume and breaks below the key support zone, caution is needed for trend weakening risks, and attention should be paid to deep support levels for secondary entry opportunities.