The market requires patience. No sharp movements.
At the moment, the price of BTC is trading near an important resistance zone ($93,500–94,500). After a confident impulsive rise, which was accompanied by institutional inflows and a positive backdrop from the Fed and the U.S. administration, it seems logical to transition into a phase of local cooling.
My vision:
Purchases at current levels represent increased risks. Entering ‘at market’ is unjustified without clear confirmation.
Short positions against the main trend are also extremely dangerous. Working against a strong upward impulse is only possible with clear reversal signals.
Strategy:
If BTC settles with daily candles above $94,500 — opening a medium-term long position with an expectation of movement towards $98,000 and higher.
If there is a correction to the area of $90,000–88,000 — I consider entry points for long from local support (on a rebound).
Until signals are confirmed — out of the market. The market needs to unload, and I prefer to observe rather than rush.
The current situation requires composure. Trading is not always about transactions. Sometimes the best positions are those that were not opened.