#数字资产动态追踪 BTC is now at 92,800. The bulls have been running quite strongly in recent days, but the volatility is a bit high. My advice is still to think more and move less, focusing on entering during pullbacks.

**How to interpret key levels?**

Looking downward, the intraday support is around 91,500-92,000. Further down, there is strong support at 90,800-91,000. If it drops further, the bottom line defense is at 88,800-89,600. Looking upward, 93,000-94,000 is recent resistance, and above that, 94,000-95,000 has more trapped positions. If it truly breaks 95,000, then the target can be set at 98,000.

There are some technical signals to watch out for: the 4-hour MACD shows a bearish divergence, and the 1-hour RSI is overbought, so a short-term pullback is very likely.

**How to operate more safely?**

Conservative approach: enter in batches around 89,600-90,600, with stop-loss below 88,800, and target 92,500-93,000. Keep position size within 10% of total funds.

For a bit of a gamble: when 91,500-92,000 stabilizes, enter, with a stop-loss at 91,000, and target 93,000-94,000. But reduce position size to 5%.

Breakout opportunities: if it breaks 95,000, add lightly, with a stop-loss at 94,000, and target 98,000. Max position for such trades is 3%.

Shorting attempt: try small short positions at 93,000-94,000, with a stop-loss at 94,500, and target 91,500-92,000. Remember not to hold overnight, and keep position size within 3%.

**Most important risk control details:**

When long positions profit, move stop-loss up to protect profits. If it breaks 90,800, reduce positions; if it breaks 88,800, close completely. Use leverage up to 5x, and individual stop-loss should not exceed 5% of total funds. Never chase high and hold heavy positions—that's an iron rule.

Keep a close eye on US stock movements, institutional holdings, and capital flow data—they help judge the overall trend. Technical analysis is just a reference and does not constitute investment advice.

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