Bitcoin at a Crossroads: Divergent Chinese Views on Short-Term Trend as $90,000 Resistance and Liquidity Dry-Up Fuel Perpetual Longs Squeeze

COINOTAG News reported on December 23 that a notable divergence has emerged within the Chinese crypto community regarding Bitcoin‘s immediate path. Market participants differ on whether the next move signals a sustained rally or a shift toward consolidation.

Analysts cite a critical resistance near $90,000, with a breakout considered pivotal for the near-term trend. Failure to clear this level could invite a technical correction and renewed selling pressure.

Liquidity tends to thin around the holidays, adding downward pressure as pre-Christmas flows retreat. A concentration of long positions in perpetual futures may amplify volatility if liquidity deteriorates.

Even with the cautious tone, current volatility sits near historic lows, underscoring the need for disciplined risk controls and well-defined entry and exit criteria.