Data shows that the largest upper clearing concentration area for Bitcoin is around $90,000. If the price touches this level, leveraged shorts will be forced to close their positions. In the past two months, smaller clearing concentration areas have appeared around $83,000 and $75,000, and any movement of the price in either direction could accelerate Bitcoin's next trend.
As prices remain sideways and volatile, both parties continue to accumulate positions. The key levels to watch in the short term are $84,000 and $85,700, where small-scale squeezes may occur. In addition, $82,500 and $87,500 mark the local lows and highs of the current range, respectively.
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