Looking at the market, Bitcoin is repeatedly fluctuating around $94,000. Many people are starting to feel conflicted—unable to chase higher and afraid to sell. This feeling is indeed uncomfortable.

Let me be straightforward: $94,000 is not just an ordinary price; it actually marks the dividing line between bullish and bearish forces at the moment. Why is this so critical? Recent trading data makes it very clear—every time the price hits this level, there is a round of selling, indicating that many seasoned players are eyeing this position to realize profits. In other words, it’s both an opportunity and a trap.

First, look at the optimistic scenario. If Bitcoin can hold steady within the $94,000 to $94,600 range, and close above this level without falling back, then a move towards $98,000 is basically not much of a surprise. There’s a technical detail worth mentioning here—$98,000 actually corresponds to a Fair Value Gap (FVG), in simple terms, a “scar” in the market. The price previously left a gap here, and the market tends to have an innate impulse to fill it. This push can be quite strong.

But let’s pour some cold water on that. Honestly, Bitcoin is likely to encounter resistance in the $97,000 to $98,000 range. The reason is simple—this zone is a significant previous resistance level, and selling pressure will be quite fierce. Markets are never smooth sailing; the more enticing the rally, the greater the hidden risk of a pullback.