The H4 trading order still holds the short position!

BTC MULTI-TIMEFRAME PERSPECTIVE. Short-term short opportunity before Breakout!

1. Market Overview
Bitcoin is trading around 97,000–98,000 USDT, after a strong growth from the 74,500 area. RSI across multiple timeframes is warning of overbought conditions.

2. Multi-Timeframe Analysis
2.1. Daily Frame:

The uptrend is still solid.
RSI(6) reached 69.15, close to the overbought area.
The price has "approached" the old high of 109,000 but has not been able to break through.

2.2. H4 Frame – Entry Frame:

RSI(6) = 72.62 (clearly overbought).
A long tail candle appears in the 97,800–98,600 area → a sign of profit-taking.
There is no clear breakout volume, so buying pressure may be weakening.

2.3. H1 Frame – Early Signal:

RSI has slightly decreased, signaling that sellers are starting to intervene.
The nearest support area: 94,100–94,800.

3. Proposed Trading Scenarios

3.1. Option 1 – Short-term Short (according to H4 signal):

Entry: 97,800–98,600 if a reversal candle appears (inside bar/fakey).
TP: 94,500–95,000.
SL: Above 99,200.

3.2. Option 2 – Long following Daily trend:

Wait for the price to pull back to the 94,000–95,000 area.
Observe candle reaction (if there is a bullish pin bar, enter the trade).
TP according to trend: 102,000–105,000.

4. Market Sentiment & Strategy

In my view, BTC at the 97,000-98,000 level may be attracting temporary profit-taking. High RSI indicates a slight adjustment potential.
However, the larger trend remains bullish. Traders should consider a light short at resistance, but maintain a trend-following mindset if strong buying returns.

5. Note
This is a personal analysis, not investment advice. Risk management is the top priority!

(My method of trading in the H4 frame: Using RSI and market sentiment as the main tools, using Price Action to find entry points)