Bitcoin afternoon outlook: Unable to break higher, a pullback is imminent

After an early rally, the price has been moving sideways at a high level. On the surface, it appears relatively strong, but the momentum has not continued, more like a tentative attempt to push higher, with a bias towards trapping traders.

From the 4-hour structure, although short-term candles have closed higher and broken above the upper band, the appearance of long upper shadows indicates selling pressure. The upward space is limited. Until a clear trending pattern emerges, it is not advisable to chase longs at high levels. The focus in the afternoon remains on preventing a pullback.

In terms of trading strategy, monitor the resistance around 92,500. Consider short positions near this level, with initial targets at 90,000 and further down at 89,000.