Last night, Bitcoin surged to 97,000 then started to turn around, eventually falling back to the 95,000 region. From the candlestick chart, it’s clear that the buying momentum is weakening, and the selling pressure has now overtaken the buying.

The current situation is quite interesting — there’s a ceiling pressing down from above, and support levels holding from below. Neither the bulls nor the bears have been able to launch a decisive attack. This stalemate indicates that the direction is still uncertain, and a rebound could at any moment turn into a selling opportunity.

From a trading perspective, a more conservative approach is to short at the rebound high. Look for shorting opportunities around 96,300 to 96,800, with a stop-loss set above the rebound high. The lower targets are in the 94,800 to 94,300 range. The key is to patiently wait for the market to reveal its true intentions—don’t rush to guess the top or bottom.