Bitcoin has finally broken through the previous hourly high of 93117, and this move is indeed impressive. It’s now in a consolidation phase after the breakout—a brief pause before another possible rally is normal.

Many traders are eyeing the 93787 level to go short, and this idea does make sense—if you look left on the chart, you’ll see this price coincides with the previous natural rebound peak during the last downtrend, making it an established resistance level. Once it holds above here, a direct move toward around 96082 is pretty much a given.

However, I’m not inclined to open shorts at this level. Why? It’s too early. Shorting here is essentially betting on the top, gambling that a reversal starts from here. I’m not a fan of this kind of subjective, counter-trend trading—I prefer trend-following trades.

What’s it like trying to call a top early? You either get stopped out, or if you’re right, you catch a big profit—but the risk is just too high. It’s important to recognize the current trend: don’t go against the trend in an uptrend. If you really want to go counter-trend, use a light position to test the waters, and remember this: in a bull market, resistance is made to be broken.

Take a look at that prominent bearish candle below—if the price falls back to the high of that candle, around 90200, that’s when a short would make more sense; otherwise, don’t fight the trend.

Specific strategies:
If the hourly chart breaks above 92905 with volume, you can follow the trend and go long; if 92582 breaks down with volume and the price fails to reclaim it on a pullback, you can follow the trend and short for a retracement, but always use a stop loss.

If the hourly closes firmly above 93165, the next targets are 94463-96073—a solid close is a takeoff signal.
On the 4-hour chart, if it breaks below 91910, watch for further downside toward 90266-89300; break 91910 and you’re looking at a retracement, break 90266 and you’re in for a deeper correction.

Looking at the daily chart: as long as Bitcoin holds above 93222, it will soon be testing the 96662 level. 96662 is not just any level—it determines whether the daily chart can truly reverse.

The pattern drawn on the chart is a bearish Gartley, with the D point near 96662—this is a potential reversal zone. Want to short at a high? This is the level to try.

The yellow box below highlights a bullish engulfing pattern—on the daily chart, no less. Unless this bullish engulfing is countered by a bearish engulfing, the current uptrend is hard to break. Without such a reversal signal, no one can reverse the current rally.

That’s all.