Bitfinex Alpha Report: BTC Testing Resistance Zone of $93500 to $95000

The Bitfinex Alpha report points out that after rebounding from a low near $80800 in late November, Bitcoin continues to test the key resistance zone between $93500 and $95000, and its short-term price trend is limited by factors such as the flow of ETF funds. At present, Bitcoin has entered a dense supply area composed of recent high point buyers, with a cost base between $92100 and $117400. The price returning to this area may increase selling pressure, form significant upward resistance, and the market may remain in a range of fluctuations. The derivatives market shows cautious optimism, with both long-term bullish layouts and short-term downward hedging.