Bitcoin is currently still on an overall upward trend, but short-term fluctuations are quite significant. The current pattern is more of a sideways to upward consolidation, so caution is advised.

In terms of direction, the main outlook is still bullish, but caution is necessary. If the price falls below 96,000, be alert to a possible pullback to the 94,500 to 95,000 range. These two price levels are key support zones.

For those looking to go long, there are two opportunities. One is between 95,000 and 95,500; if signs of stabilization appear, you can try a small long position. The other is waiting for Bitcoin to break above 97,932 and then pull back for confirmation, at which point you can add to your position. But the premise is to keep positions light, with total exposure not exceeding 5%.

If you insist on shorting, it should be a short-term trading approach. When the price drops below 96,000 and MACD begins to weaken, you can try a small short position with a target of 94,500. However, it’s important to emphasize that the larger cycle remains bullish, so short positions should be quick in and out—avoid holding for too long.

Stop-loss management is very important. For long positions, place the stop-loss below 94,300. For short positions, set the stop-loss above 97,000.

The bullish target levels are first at 97,932, then in the 99,000 to 100,000 range. The first target for bears is 95,000, and the second is 94,400. Overall, it’s still important to maintain respect for the market and prioritize observation over action.