BTC's hourly chart shows a erratic price movement, with weak buying interest from retail investors. However, the momentum for a rebound at the 2-day moving average is strengthening, and a 3-day moving average rebound may take effect next week, potentially reaching the 97400-98800 range. Current resistance is around the 2-day Bollinger Band middle line at 93570 and the 1-day Bollinger Band upper line at 94250.
If 93570-94250 is broken, the 3-day rebound will be effective, and the price will likely test the 97400-98800 range. This move is potentially very aggressive, often resulting in a peak in short position liquidations. After such a move, a significant negative catalyst next week could trigger a sharp sell-off.
Therefore, the key levels for bulls are 89000 (a break below this level would lead to a sharp decline) and for bears, 94600 is crucial (a break above this level could lead to a move towards 98,000).