Recently, Bitcoin's price has been stuck at the upper edge of consolidation, which is a watershed moment. Whether it can break through the previous high of 98070 directly determines the direction of subsequent market movement. If it can't break through, a deep pullback is almost inevitable.

**What bulls should do**

Wait for the price to break above 96955 with volume first, and only chase longs after the hourly chart confirms the close. Don't rush—wait until the signal is clear before taking action. The first target is set at 98070 (the previous resistance level), and the second target points to 98900. Set your stop loss 300-500 points below your entry point, or directly below 96260, which is the key support level.

If the price holds steady above 97670 after breaking through (hourly level), it means the upward momentum is strengthening, and you can add to your position at that point. But remember one thing—only when there's a true effective breakthrough and consolidation above 98070 can we say we've truly escaped consolidation. Otherwise, watch out for false breakouts.

**Opportunities for bears**

Conversely, if the price breaks below 96390 with volume and can't recover back to this level on rebounds, you can chase shorts. Target one is 95700 (4-hour support), and target two is looking at 94500. Set your stop loss at 96800.

If the 4-hour chart confirms a break below 96220 and can't recover from it, then the consolidation structure has broken down, and a deep pullback scenario may initiate. Bears can add positions following the trend.

**Key points for trading**

Remember one hard rule: if price rallies but can't break through 98070, it will most likely pull back. All bulls need to be more vigilant when approaching this level—protect profits when you should.

Any breakout or breakdown must be accompanied by trading volume. Breakouts without volume are basically false signals—don't get fooled.

Finally, and most importantly—all positions must have stop losses, especially when trading near critical levels. Compared to precisely catching the position, position sizing and risk management are what determine how long you can stay in the game.