BTC’s recent price action looks pretty surreal—the news is red hot, but the price keeps getting tugged back and forth at key levels.

Let’s recap the bullish news: Musk suddenly called out to the crypto community on social media, Fed rate cut expectations are back, CZ tweeted about pushing for a new all-time high, the Trump family’s coin project just announced it’ll launch its real-world app in January next year, and that big blockchain week in Dubai hosted by a major exchange is making waves… On paper, this should be a recipe for a major rally.

But the technicals are really conflicted. The 93,000 level is clearly a major resistance; Bitcoin got pushed back as soon as it broke through, and now it’s all about whether it can hold above that line. If it can’t, to be honest, I’m leaning bearish for this phase.

At times like this, position management is more important than anything—don’t go all-in chasing highs. Playing it safe is way more reliable than trying to make fast money. When market sentiment and technical signals are fighting each other, that’s often when losses come the easiest.