It feels like something big is coming
BTC is consolidating at the 4-hour level, with a total volatility of 1.91% yesterday. The trading volume is actually quite decent; there shouldn't be any disagreement at this position. Clearly, large funds do not want the price to drop, and even if it does, they do not want it to drop quickly.
Looking at the risk-reward ratio, it is evident that the downward space is larger. Most in the market seem to be bearish and shorting.
It is impossible to predict the long and short positions; we can only observe as we go.
If it breaks through 68,000 and stabilizes, consider going long after a pullback. (The risk-reward ratio for going long is not high anymore; it is only suitable for short-term trades. Long-term entries are not advised for shorting.)
If it breaks below 66,500, look for opportunities to short.
In the 4-hour long-short game, whichever side wins, go with the trend. Focus on the risk-reward ratio, aim for small losses and large gains. Once the order is placed, it cannot be changed mid-way. Definitely do not hold onto losing positions; even seasoned traders have suffered from this multiple times, haha.
Waiting for entry signals, that's it.