Let's talk about the technical aspects of BTC.

Daily Chart

The price has surged and then pulled back, forming a V-top. We need to monitor the key support levels after the decline to find long positions. The Bollinger Bands have shown a complete contraction after forming a trumpet shape; the price is at a distance from the Bollinger middle band support around 92400. Placing long orders in this vicinity could yield profits whether the market consolidates or rises. The MACD has shown a death cross above the water, and the bullish volume bars have turned bearish, indicating a bearish bias.

4-Hour Chart

The Vegas support is at 91500, creating a support zone around 91500 - 92400 in conjunction with the daily Bollinger middle band. Currently, there is a Vegas golden cross, and the price is touching the Vegas indicator for the first time since the golden cross, indicating strong resonance support. The Wyckoff method shows that a complete distribution has occurred in the 4-hour timeframe, and we are currently in the SOW (Selling Off Weakness) phase. In the short term, the price may continue to decline, so one could consider shorting at the upper line of the distribution or taking long positions at the lower bottom.

1-Hour Chart

The price has broken below the Vegas indicator, turning support into resistance, in resonance with the upper line of the consolidation. In the intraday short term, one can look to short around this area; if this area holds, we won't consider going long. For the medium term, I am preparing to enter around 92450-91600.