BTC is currently in a high-level consolidation phase, not a clear trending market. In this environment, chasing highs carries higher risk; instead, gradually establishing short positions at higher levels appears more prudent. It is expected that in the short term, Bitcoin will maintain a sideways consolidation period, making short-term trading the most suitable approach.
From a daily chart perspective, the price has approached the strong resistance around 94,700. Market momentum is beginning to weaken, and the sentiment indicators show overbought signs, suggesting significant short-term correction pressure. Switching to the four-hour chart, after four consecutive bullish candles breaking through the upper band, the structure shows signs of resistance. Continued pressure above indicates that a pullback will be the main trend.
Trading suggestions: Consider short positions in the 93,600-94,000 range, targeting around 92,000-91,500; for secondary positions, short entries can be made around 3,190-3,220, with targets set at 3,120-3,080. Currently, adopting a bearish outlook aligns better with the market rhythm.
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GateUser-a606bf0c
· 5h ago
94700 this barrier really did stop it, or should I just honestly take the short position and eat the loss
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Here comes someone advising me to chase the high again, hilarious, it's more comfortable to do short-term trading within this range
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Four-hour consecutive bullish candles and still want to push further? Wake up, everyone
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I'm waiting at the 92000 level, no rush
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I’ve been positioning for a short on this wave, feeling the rhythm is right
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Overbought and still adding more? If you don’t understand, just forget it
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Consolidation in this kind of market is the most torturous, short-term traders are ecstatic
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If 3190 can't be broken, it's time to reverse, it's too obvious
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The signal of weakening momentum is so clear, are you still sleepwalking?
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Operate according to this idea, the next cycle should be more stable
View OriginalReply0
TheMemefather
· 5h ago
94700 this threshold, it really feels like it's about to break and can't hold anymore
Short positions might have been opened a bit too early, I'm still waiting for a pullback
Sideways consolidation is the best time to cut leeks, I really dislike this kind of market
Those betting on a decline are all making a killing, what am I hesitating for?
Really? Can 92000 really be reached? Why do I find it hard to believe?
View OriginalReply0
CryptoPhoenix
· 6h ago
Here we go again, that high-level short position strategy... I just want to ask, how are the brothers who used this approach last time doing now [smile]
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Consolidation is just consolidation, don’t make it so complicated. Patience is the key to success.
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Short at 93,600, can you hold at 92,000? That’s the real question.
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Having been trapped so many times, I feel inexplicably annoyed when I see short positions now. But on the other hand, this wave does seem a bit overbought.
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Short-term trading tests your mentality the most. One careless move and you get shaken out. I still believe in holding long-term.
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I don’t see any obvious signs of a dump at this position of the second pancake. It still feels like it needs to go up a bit more.
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Gradually building short positions sounds stable, but in reality, each batch is a psychological battle.
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Rebirth from Nirvana is never achieved overnight, but sometimes the price of waiting is missing the opportunity.
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To be honest, looking at so many indicators makes my head tired. I only stick to one principle: don’t chase highs.
View OriginalReply0
digital_archaeologist
· 6h ago
Just sideways trading, so be it. Do I have to chase the high? Laughing to death, I’d rather wait patiently for a pullback.
Another short-sell suggestion. Can it break down this time? What about last time?
Will the 94,700 level break or not? Feeling exhausted.
Bitcoin has been oscillating for so long, I’ve even fallen asleep.
The spring of short-term traders has arrived, but I’m still holding coins and sleeping peacefully.
View OriginalReply0
NFTHoarder
· 6h ago
94700, this threshold really can't hold anymore. Four consecutive bullish days and winning the game, but I have to admit defeat.
Short positions are indeed stable, just worried about another reverse breakout.
Can the second rally drop to 3080? Feels a bit uncertain.
Sideways trading is the most torturous, short-term traders are probably going to be washed out again.
This rhythm definitely calls for shorting; chasing highs, I truly don't dare.
BTC is currently in a high-level consolidation phase, not a clear trending market. In this environment, chasing highs carries higher risk; instead, gradually establishing short positions at higher levels appears more prudent. It is expected that in the short term, Bitcoin will maintain a sideways consolidation period, making short-term trading the most suitable approach.
From a daily chart perspective, the price has approached the strong resistance around 94,700. Market momentum is beginning to weaken, and the sentiment indicators show overbought signs, suggesting significant short-term correction pressure. Switching to the four-hour chart, after four consecutive bullish candles breaking through the upper band, the structure shows signs of resistance. Continued pressure above indicates that a pullback will be the main trend.
Trading suggestions: Consider short positions in the 93,600-94,000 range, targeting around 92,000-91,500; for secondary positions, short entries can be made around 3,190-3,220, with targets set at 3,120-3,080. Currently, adopting a bearish outlook aligns better with the market rhythm.