Analyst Murphy: The resistance for BTC to return to $90,000 is relatively small, with the key resistance level at $92,000.

PANews November 26 news, analyst Murphy pointed out that based on current data observations, it's not difficult for BTC to return to $90,000, which is not a strong resistance level. The average cost of short-term holders indicates that BTC may encounter strong selling pressure only when it enters the range of $92,000 to $99,000. At the same time, options market data shows that the Call activity at the $92,000 strike price is significantly higher than at $90,000, especially the selling Calls at $92,000 far exceed those at $90,000, which will lead to the market forming strong resistance. Murphy emphasized that the key battleground for BTC above $92,000 is the core area determining the trend, especially close to the $98,000 position, which is the “fair price” line for BTC over the past decade. However, recent market confidence has been undermined by a massive amount of realized losses, making it difficult to form effective buying power in the short term. The future trend of BTC still needs to pay attention to market sentiment and the performance of key resistance zones.