8-hour liquidity chart: The $200M sell orders before 94000 have basically been absorbed. Above, there are still $51.34M perpetual sell orders at 949 and $21.53M spot sell orders on CB at 995. Below, the long positions are mainly concentrated between 91-92, which is also the potential gap-fill point for CME retracement. Pay attention to the current market rhythm—many KOLs have already started pointing out that 94000 is a key resistance level. In fact, we highlighted this sell wall data 2-3 days ago.