Bitunix analyst: ETF funds are flowing in strongly, BTC rose 9.3% this week to $103,000, with short-term support at $94,200

Odaily Planet News shows that BTC has a high liquidity liquidation zone near $93,000, with the support area around $94,000 being repeatedly lifted by buying pressure during the mid-week, helping the price to gradually rise and break through the $100,000 mark. Additionally, the heat map shows a significant liquidation concentration area around $102,000, indicating that most long positions were locked in this area, which may lead to short-term profit-taking and volatility. The strong support near $94,000 also represents a large number of long positions that have not been touched, providing a safety cushion for the lower levels. Overall, institutional funds have been driving the market upward this week, but the technical liquidation points suggest that the $102,000 to $105,000 range will face a periodic test. Bitunix analysts suggest: This week, the market attracted funds due to progress in the US-UK tariff agreement, causing a short-term surge in the cryptocurrency market. BTC's short-term support is $94,200; it may oscillate in the current price range of $102,500-$105,000. If it breaks below $93,000, one should reduce positions and wait and see; continue to pay attention to ETF fund flows and next week's CPI and PPI, and properly allocate assets to hedge against uncertain risks.