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Yesterday, Bitcoin mostly stayed within that range, giving both bulls and bears opportunities to act in the short term. There were two trading moves during the day—first shorting, then going long. The 9.2K level was well captured, and I exited the position in time.
What is the current situation? Multiple attempts to break through 9.2K have failed to hold, and it ultimately pulled back for a correction. The overall structure still looks like a consolidation, with bulls and bears pulling in opposite directions. At this point, don’t be blinded by a one-sided market; instead, keep an eye on the situation around 90,000—unless there’s a significant drop below, there’s still a chance to buy on dips. The recent focus is on the 9.2K to 9.3K range.
The market changes rapidly, so you need to respond flexibly. The key is not to forget good risk management.