Bitcoin Consolidation: Beware of Rushing Into Shorts!

Bitcoin has been hovering between $73,300 and $74,500 recently with minimal fluctuation. Seeing the price stagnant, many are tempted to "catch the top" and short, but this is actually dangerous. Check these signals first before acting:

Volume Holds the Key
On the 4-hour chart, when price surges upward, trading volume actually decreases. This usually doesn't signal a reversal downward, but rather that fewer people want to sell. If whales truly wanted to dump, they should sell heavily during the rally, but they haven't—suggesting their target may be at higher levels.

Key Levels Have Shifted
Previously, around $73,300 was a dense panic-selling zone. Now that price holds above this level, it means this past "resistance" has become "support." As long as it doesn't break below, the upward momentum remains intact.

Futures Market is "Stocking Up"
Current futures open interest is increasing rapidly. History tells us that once the market accumulates this many bullish positions, a complete reversal takes considerable time. Before open interest shows a clear bearish divergence signal, any pullback could just be a short-term correction.

What to Do Now?
Watch the range: Keep eyes on $73,300 - $74,500.
Timing for shorts: Wait for the 4-hour chart to surge again, and volume must expand to close to the levels seen at the previous high—only then consider short trades.
There are currently no signs of a top. Trading against the trend will be extremely painful.

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