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Looking at the overall market sentiment in the early session, it still feels somewhat weak. There are no particularly strong directional signals for BTC. In this kind of market, it’s actually better to rely more on structure for trading.
Currently, on the 4-hour chart, the market is in a triangle consolidation pattern, with the price stuck around 95,000, roughly in the middle of the triangle. I think this position is not very suitable for shorting directly. First, the win rate is questionable; second, the risk-reward ratio isn’t very ideal. Instead of acting immediately, it’s better to wait and see if the price can rebound to around 97,000 before considering a short position.
Conversely, if the price effectively breaks below and falls through the 95,000 support level, then focus should shift to the support around 94,000, which could be a potential rebound opportunity.
One more detail: today is Friday, and I personally prefer not to make too many large trades. Be more cautious with your positions.
Let's see if we can push to 97000, otherwise just hold the support at 94 and try our luck.
Friday still needs to be cautious, don't make the operations too complicated.
We really need to hold back on Friday. Last time, I was greedy on Friday and got hammered all the way until Monday.