Analyst Murphy: BTC faces less resistance at $90,000, with key resistance at $92,000.

According to Mars Finance, analyst Murphy points out that based on current data, a return to $90,000 for BTC is not difficult, and $90,000 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 $92,000 to $99,000 range. Meanwhile, options market data shows that call activity at a strike price of $92,000 is significantly higher than at $90,000, especially sell calls at $92,000, which will create strong resistance in the market. Murphy emphasizes that the key battle above $92,000 is the core area determining the trend, especially near the $98,000 level, which is BTC's "fair price" line over the past decade. However, recent market sentiment has been dampened by massive realized losses, making it difficult to generate effective buying power in the short term. The future trend of BTC will still depend on market sentiment and the performance of key resistance zones.