On Friday night, Bitcoin is at a technical turning point.

Yesterday, BTC surged to around 96,400, followed by profit-taking selling pressure. Today, it continues to fluctuate downward, now teetering at 94,750. It may seem insignificant, but it holds the key to the overall trend—just above the previous high of 94,415 created on January 6.

This is a typical retest confirmation pattern. If it can hold the 94,400 to 94,500 range and close above it, then yesterday’s breakout is validated, and the focus shifts to the 100,000 mark. Conversely, if it effectively breaks below 94,000, that wave up to 96,000 might be a trap set by the main players for the bulls—expect a deeper correction over the weekend.

Why is this so critical now? The US stock market is still trading, and Friday night is when institutional funds are cautious, guarding against weekend surprises. At this moment, the main players are very likely to exploit the relatively low trading volume to push down sharply, testing how much buying support is waiting around 94,000.

**Key Position Overview**

94,400-94,500: This is the critical line. The previous all-time high is nearby, and the bulls must defend this territory. Whether the trend can continue depends on this.

93,500-93,800: This is the second line of defense. If the main players want to force a sharp dip, the capacity to absorb sell-offs at this level is crucial.