PANews reported on November 26th that analyst Murphy pointed out that based on current data, BTC returning to $90,000 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 emphasized that the key battleground above $92,000 for BTC is the core area determining its price movement, especially near $98,000, which represents 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. BTC's future price movement will still depend on market sentiment and its performance within key resistance zones.PANews reported on November 26th that analyst Murphy pointed out that based on current data, BTC returning to $90,000 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 emphasized that the key battleground above $92,000 for BTC is the core area determining its price movement, especially near $98,000, which represents 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. BTC's future price movement will still depend on market sentiment and its performance within key resistance zones.