Recently, Bitcoin has been showing some instability around the $93,000 level. After dropping from yesterday’s $95,500, it fell more than 2.5% and broke an important support level—$94,500. In the short term, there is indeed some pressure.

From a technical perspective, the current situation is as follows: the RSI indicator has returned to the neutral zone (around 45), and the MACD has also shown a death cross, which usually indicates a possible continued correction with a downside target in the $90,000 to $92,000 range. But there’s no need to be overly nervous—on the contrary, this is often considered a good opportunity for "buying on dips."

Looking at the macro environment more broadly, it remains quite optimistic. Global liquidity continues to expand; Japan has just launched the largest fiscal stimulus in history; the Nikkei index is surging; M2 money supply is increasing; and gold prices are also steadily rising. These are all strong supporting factors for Bitcoin.

Historically, Bitcoin tends to follow gold’s upward trend, and the current gold/BTC ratio indicates that Bitcoin still has room for a rally. Plus, some well-known listed companies have been aggressively accumulating Bitcoin, buying nearly 15,000 coins just this month. The enthusiasm for corporate hoarding shows no signs of cooling, and institutional buying continues to increase.

On-chain data also provides positive signals. The proportion of long-term holders (HODLers) has reached a new high, and net outflows from exchanges are increasing, indicating that market liquidity is gradually tightening. This effect will accumulate over time.

Looking ahead, if $92,000 can hold, the rebound could target $97,000 to $100,000, with a chance to challenge the all-time high again. Conversely, if this support level is broken, the price might test the previous support at $85,000, though the probability of this scenario is relatively low.

In terms of ecosystem developments, recent optimizations of the Bitcoin core network (such as upgrades to the Lightning Network channel factory) have gained widespread community support. It is expected that by Q1 2026, second-layer solutions will reduce transaction costs by another 20-40%, which will promote rapid growth in practical applications. This is the true anchor of Bitcoin’s long-term value.

Now is a window for strategic positioning. What are your plans? Continue holding and wait for a breakdown, or add to your position on the dip? If you’re interested, feel free to share your holdings and strategies in the comments. Let’s discuss bullish and bearish ideas and validate each other’s viewpoints. Whoever can seize the opportunity during the rebound will be the ultimate winner.