Bitcoin's market has experienced ups and downs this week. After encountering resistance around 94,500, it entered a retracement mode, disrupting many traders' rhythms. Early in the week, the long-side strategy was still manageable, but in the latter half, attempts to go long on rebounds suddenly lost momentum, ultimately causing traders to miss the ideal shorting opportunities.

From a technical perspective, Bitcoin previously formed five consecutive bullish days, followed by a doji star, and yesterday closed with a large bearish candle. Indicators are signaling a retracement, with bearish sentiment clearly rising. Such rapid shifts are not uncommon—on Monday, indicators showed strong rebounds, but the market sentiment can change quickly. When the price rebounded near 94,500, although rushing to short was not advisable, chasing the rally was also unwise. Currently, with a pullback to around 90,500, blindly chasing shorts is equally discouraged; such actions would be too impulsive.

The outlook for the near term is: for those aiming to short, ideal entry points are around 93,800 and 94,500; if you insist on shorting, wait until the price breaks below 90,000 before considering. Regarding Ethereum, a good short entry is near 3,300, while waiting for a break below 3,000 is necessary for a short position. The current market rhythm is not suitable for chasing shorts; rather than acting recklessly, it’s better to wait for more confirmed opportunities—either go long at higher levels or short on breakdowns.

For traders optimistic about a rebound, consider entering long positions near 90,500 and 3,120, or continue holding positions bought yesterday at 91,000, 91,500, and Ethereum at 3,180. Remember to set stop-losses. If you previously have floating losses on longs, don’t panic; this is a common part of a correction process.

Every trade carries the risk of loss. The key is to participate and verify at high-probability levels. Profit and loss come from the same source—proper position management is fundamental to survival in trading. Avoid risking too much on a single mistake, and leave enough capital for a comeback.