Bitcoin Still Following the Script: Is the Rebound Just an Opportunity to Short?

Recent movements of Bitcoin are unfolding exactly as the market expected. After approaching the 94,000 USD zone, the price experienced a correction back to around 90,000 USD to shake out weak-handed investors and to fill the previous CME gap. This is seen as a necessary step for the next recovery phase. In the short-term perspective, the current trend still leans towards a technical rebound scenario. After consolidating around 90,000 USD, Bitcoin is showing signs of a bounce back. The immediate target is the resistance zone of 94,000 – 95,000 USD. If it can convincingly break through this area, the price could potentially advance to the 98,000 USD zone in the near future. However, from a long-term perspective, this is still considered a rebound within a bearish market trend. The upcoming price increases are viewed as a good opportunity to find short-selling entry points rather than expecting a new sustainable growth cycle. Therefore, current trading strategies need to be tightly risk-managed. Long positions around 90,000 USD can still be held for short-term goals, but leverage should be used moderately. Reducing leverage from extremely high levels to around 20x indicates the necessary caution amid ongoing market volatility. In summary, Bitcoin is in a recovery phase as per the scenario, but the major trend has not yet truly reversed. Investors should prioritize risk management, capitalize on upward moves to optimize short-term profits, and be prepared for selling opportunities when the price reaches strong resistance zones.