Currently, from the hourly chart perspective, Bitcoin is generally in an upward trend, having surged to a high near 94,200 in the morning. From the candlestick chart, we can see that after reaching above 94,000, the market began to retreat and is now consolidating around 93,000, indicating that the bulls are somewhat exhausted, and there is a possibility of a short-term correction in the market.

From the Bollinger Bands perspective, the price had previously been running near the upper band, indicating a strong upward trend. However, it has now deviated from the upper band and shows signs of a pullback. The middle band is around 91,000, which may serve as the next support level; if it breaks below this, the current upward trend may enter an adjustment phase.

Trading suggestion: For short-term trading, consider lightly shorting in the range of 93,000-93,500 to capitalize on a potential short-term pullback. It is advisable to set a stop-loss above 94,500; once a new high is breached, one should decisively exit. The target level below can be initially set around 91,000.

Currently, it is not difficult to see that the overall trend is bullish, and engaging in short positions is only a short-term trading opportunity with higher risks. It is recommended to manage position sizes carefully and maintain strict defensive measures to avoid losses caused by sudden market surges. #加密市场反弹