Bitcoin 1-hour timeframe is moving unevenly, retail traders' longing desire is not strong, but the momentum of the 2-day moving average rebound is still increasing, and the 3-day moving average rebound may start to adjust next week. After the rebound takes effect, there is still hope to reach around 97,500-98,800.

The current resistance is near the middle band of the 2-day Bollinger at 93,570 and the upper band of the 1-day Bollinger at 94,250. If the range of 93,570-94,250 is broken through, the 3-day rebound will take effect, and it will head towards 97,500-98,800. This step is very violent and generally marks the peak of short squeeze.

After pushing up, next week may see violent sell-offs triggered by major negative news.

Therefore, buy-side defense is at 89,000 (a break below this would lead to a rapid decline), and sell-side defense is at 94,500 (a break above this could push towards 98,000).