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BTC has repeatedly challenged the 94K level several times, at least five times in my impression. Each rebound gets stuck here, and if it can't break through, it will directly fall back to the 85K range. This phenomenon is indeed worth paying attention to.
From a technical perspective, 94K has become a clear resistance level. Repeatedly being blocked here indicates that the bullish momentum is somewhat weak in this price range, and the bears are defending strongly. This level is indeed critical—if it can be broken through, a new upward channel may open; if it fails again, it will have a significant impact on market confidence.
Hopefully, this time it can stabilize and break through smoothly. Come on, bulls.