BTC is still gradually trending upward, continuing to rise yesterday to around 94,500. Based on previous strategies, I have already gone short, with a stop loss set at 95,000. This is a left-side trading approach, and I recommend a light position.

Although this recent rally has been ongoing, the key point is that for over a month, the price has been held down at the 95,000 level and has not broken through. Instead of waiting for a breakout, it might be better to short here — with a 500-point stop loss, the potential reward is quite attractive. If this position gets stopped out, as long as BTC stays above 95,000, you can turn around and go long near 94,700, with a stop loss at 94,000, and take profits in batches at 96,588 and 98,888.

Regarding long opportunities below, I think 98,588 is a good entry point. Although there is some support around 90,888 and 92,388, entering in the middle of the 89 to 94 range feels somewhat average. Instead of forcing it, it’s better to wait and see.

For a more aggressive approach, you could try a small position at 90,888, prepared to add more. The conservative plan is to go long near 89,588 with a stop loss at 88,888, and take profits in batches at 91,588, 92,888, and 94,100.

If you want to short now, enter at market price around 94,400 with a stop loss at 95,000, and take profits sequentially at 92,588, 90,888, and 89,588.