Bitcoin is testing significant resistance on the daily Ichimoku Cloud, with its price consolidating near the upper end of its 24-hour range. Over the past day, Bitcoin has traded between $87,186 and $93,928, marking a 6.5% increase. The lower boundary of the cloud is at $91,473, and a full candle close above this level could signal a bullish trend. In the last 24 hours, $220.8 million in short positions were liquidated, compared to $16.6 million in long positions, highlighting intense pressure on short sellers. Market participants are keenly observing whether Bitcoin can break out of the cloud and maintain its upward momentum.