#以太坊大户持仓变化 BTC hovering at key technical levels, short-term direction pending

Looking at the latest 1-hour candlestick chart, BTC's current price of 92893 is indeed somewhat delicate. From the Bollinger Bands perspective, the middle band at 93052 is right before us, with the upper band at 94384 and lower band at 91720. Price is stuck below the middle band, which typically means bears still have control in the short term.

However, there are some interesting points in technical indicators. The MACD's DIF and DEA lines, although still running below the zero axis with a histogram of -19.3, are getting closer to each other, and a golden cross signal is being brewed. In contrast, trading volume is the most striking — only 29.4, far below the 5-day average volume of 540.5 and 10-day average volume of 215.5. This extreme contraction often precedes a reversal.

Extending the timeline, since the pullback began from the high on January 5th at 94789 to now, price has repeatedly tested around the middle band, indicating the market is seeking consensus. The support at the Bollinger Band's lower band of 91720 remains quite solid. Once this line is broken, the bullish logic mentioned earlier needs to be reassessed.

**Reference approach**: If price can effectively break through 93500 with volume, bullish conditions would be preliminarily established. Stop loss can be set below 93000, with first target aiming for 94500-94800 range, and second target around 95500. Of course, all this is premised on volume truly cooperating, otherwise it's a false breakout.

Currently advised to remain cautious, try with light positions, keeping position size within 10%. The market needs a catalyst to break the current balance. Before directional confirmation, waiting is often wiser than rushing into positions.