#BTC Intraday Analysis

1️⃣ Structural Interpretation: Bitcoin is in a “post-crash consolidation phase.” After last week's “roller coaster” action, the price is consolidating above the key psychological 90,000 level.
2️⃣ Capital Flows & On-chain & Exchange Dynamics (the market’s “sentiment thermometer”): The market is still digesting leverage. In the past 24 hours, $288 million in positions were liquidated across the network, with long liquidations leading at $227 million. This indicates that despite price stabilization, high-leverage risks are still being released and market sentiment remains fragile. On-chain data (supply “landscape”): Data shows that the proportion of Bitcoin reserves on centralized exchanges is at a historical low of about 13.1%. This suggests that a large amount of Bitcoin is in non-trading status (such as long-term storage), reducing potential selling pressure in the market.
3️⃣ Intraday Trading Strategy: Never try to catch the bottom. If in the 95,000-96,000 zone there are clear signs of stagnation in the K-line patterns (such as double tops or bearish engulfing), and weakness is observed, we can consider shorting. Stop loss if the real body breaks above 96,000, target around 85,000.
4️⃣ Risk Warning:
- Sudden liquidity risk: Sideways movement on low volume is easily disrupted by large orders, so beware of sudden breakout or breakdown causing “fake breakouts” or rapid moves.
- Sentiment contagion risk: Closely monitor ETH trends. If ETH fails to break out and sharply pulls back, it may drag BTC below critical support.