Alpha Report from a certain exchange: BTC tests the $93,500–$95,000 resistance zone, entering a range-bound phase

According to an Alpha report from Odaily, after rebounding from a late November low near $80,800, bitcoin has continued to test the key resistance zone between $93,500 and $95,000, with short-term price action still constrained by factors such as mixed ETF fund flows. Currently, bitcoin is entering a dense supply zone formed by recent high-point buyers, with a cost basis between $92,100 and $117,400. As the price returns to this area, holders hoping to break even may increase selling pressure, creating significant overhead resistance and potentially facing "break-even selling pressure," which could keep the market in a range-bound state. The derivatives market reflects a cautiously optimistic sentiment, characterized by long-term bullish positioning coexisting with short-term downside hedges.