Bitcoin is currently testing the key resistance level around $94,400 multiple times. My stance is clear — before it reclaims $96,000, I remain bearish.

From a liquidity perspective, there is buying interest above the high of the $94,500 range, but if this level is broken, I will focus on trigger signals on the 15-minute timeframe to identify trading opportunities for intraday shorts.

If Bitcoin rebounds from here to $96,000, it will be more interesting — it could either form a shorting opportunity after a failed attempt or present a long entry point during the rebound.

On a longer timeframe, both the weekly and monthly opens are showing weakness. While there is a possibility of reaching $100,000, I am more inclined to believe this target can only be achieved starting from strong monthly/weekly lows.

If the price encounters resistance again at the current level and reverses, there are two price levels that longs should pay attention to. First is the support/resistance reversal point near $90,430, but I will only participate if a high-quality reversal pattern appears, as the support below that is relatively weak.

More importantly, the low around $87,500. If the price continues to weaken and breaks below this level, it will be an ideal area to look for high-quality long reversals.