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Bitcoin Afternoon Strategy Update
The recent market has been relatively quiet overall, with no clear directional trend for Bitcoin, mostly fluctuating within a range. After a slight pullback in the early session, the price has remained around the 92,200—93,000 zone. In this rhythm, there's no need to overly expand the outlook; securing gains within the current range is the most prudent choice at the moment.
From the 4-hour structure, the Bollinger Bands are continuously narrowing, indicating a brewing trend, but short-term conditions still lack explosive signals. The price has found some support near the middle band, but momentum indicators are showing signs of weakening. The short-term rebound is not strong, and in the afternoon, it is more likely to see a pullback first, followed by observing support levels.
In terms of trading, focus on the resistance at 93,000—93,500. Approaching this zone, consider short positions. The initial target below is 91,000; if broken, continue to watch the support around 90,000. If the support is not effectively broken, consider adding long positions on dips. The overall approach is to trade within the range, following the rhythm. Bitcoin Afternoon Strategy Update