Dear contract traders, today’s market is like a tightly stretched string. After Bitcoin surged to $98,000, it failed to hold steady and is now oscillating around $95,500. On the surface, it seems calm and peaceful, but in reality, both bulls and bears are fighting at key price levels, testing each other, and no one wants to reveal a weakness first. For traders dealing with perpetual contracts, patience is more important than rushing—calmness itself is brewing energy, and the next big move is gathering momentum.

⚔️ How to View Liquidity Accumulation and Liquidation Risks

The price is firmly trapped within a clear range, forming a typical liquidity trap scenario.

On the upper side, the resistance levels at $96,800 → $97,200 → $97,900 are the bears’ defensive lines, where many stop-loss orders are stacked. As long as the price breaks through these levels, it could trigger a short squeeze, pushing the price rapidly toward the previous highs.

On the lower side, support levels at $95,200 → $94,800 → $94,000 are the bulls’ last line of defense. If the psychological barrier at $95,000 is broken and the price falls below $94,000, a large number of long liquidation orders will be triggered, potentially causing the price to accelerate downward, approaching below $92,000.

What should we do at this stage? Wait for the trigger that breaks the balance. Treat these levels as starting guns—breaking either side could determine the subsequent direction.