$BTC 5/4 Viewpoint

Currently, the price of Bitcoin is hovering around 95600, and there has yet to be a confirmed break below on the four-hour chart. If there is a confirmed break below, a short position can be entered. If it touches around 95000, it may rebound to around 96400, at which point we can increase our position. After confirming that the four-hour chart stabilizes at 96400, we will set a stop loss. Another scenario is if it rises to around 96400 now, we can directly enter a short position here. Additionally, if it breaks below 95000 and we did not enter a position, we can wait for a rebound to around 95000 to short, with the lower target still at 91600. After breaking this level, it will likely go towards around 88500.