Bitcoin is currently in a critical range. Short-term traders with light positions can consider these strategies.

**Buying on Dip Opportunity**: If the price retraces to $94,000 and stabilizes, it’s a good entry point for a long position. Set a stop-loss at $93,500 and target $96,000. Once broken, look towards $96,777. This approach is suitable for patient traders willing to wait.

**Chasing the Rally**: When volume increases and the price stabilizes above $96,000, it often signals a buying opportunity. Enter with a stop-loss at $95,500, and set the target between $96,777 and $97,000. This method is faster-paced and suitable for quick-reacting short-term traders.

**Caution When Shorting**: Near $96,777, if bearish signals appear, consider short positions. However, risk management is crucial—set a stop-loss at $97,200 and take profit at $96,000. If the price breaks further down, watch the key support at $94,000.

Remember, the principle of short-term light positions should be ≤20%. During high volatility, it’s even more important to stick to this red line.