BTC analysis, I have been waiting for a pullback to enter long positions these past few days, but I have generally missed out by just a bit and have not been able to catch a long position, while the price continues to rebound, with the highest breaking above 90,000. However, it has not stabilized. If a long position had been entered, then the target would have been achieved, so it is time to adjust the thinking.

Currently, we are still in the rebound phase, and after the price quickly fell back after touching the 90,000 resistance line on a smaller timeframe, the current price has once again retreated to the range position. From the 4-hour level, it is estimated that a pullback will occur in the short term because a rising wedge pattern has appeared, and it is also in a high position with a death cross. If it breaks below 87,000, it is estimated that it will at least test the 85,000 support level.

So now, the cost-effectiveness of shorting is not high. It's better to wait for a pullback to prepare to enter long positions. The target position is to place orders around 85,000 to enter long. This is the current thought process, and any changes will be updated.