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From the 1-hour liquidity distribution, short sellers are indeed facing significant squeezing. However, whether a short-term breakout is possible still needs further observation.
At the levels of 946 and 942 below, I noticed a large accumulation of chips. Based on the pace, this should be the result of aggressive traders who entered heavily during last night's operations.
Looking at the upper side? From the current price up to 98,000, I didn't find any large sell orders or chips. This pattern indicates that the upward pressure is relatively light.
But I want to sound a warning—risk management should still be prioritized. Market makers often act unexpectedly when they push prices up or down in the short term, and retail investors can easily be swept away if they're not careful. Positions should be reasonable, stop-losses well set, so that a short-term plunge doesn't wipe out previous gains.