After touching the high in the 4-hour cycle, it quickly fell back. The rally faced resistance clearly, and the short-term upward momentum was directly interrupted. Although the MACD red histogram has not decreased in size, the DIF and price have already shown an initial divergence, indicating that the bullish momentum is nearing exhaustion and a reversal signal is emerging.

The core strategy for Bitcoin is to look for short positions in the 94600-95600 range, with short-term targets at the key support levels of 92500-90800.

Qingyao tips: Do not chase longs when a divergence signal appears. Use resistance levels to position short orders, and strictly control entry timing and risk thresholds.