Someone told me that the current trend looks like a bull flag, which leaves me speechless. So if it goes up, we are bullish, and if it goes down, we are bearish?

BTC has formed a standard large bullish candle from the 12H to daily level, and it is highly likely that it will enter a safe period in the following days, continuing the inertia of significant fluctuations followed by consolidation, but the market may also be quite boring.

On the larger trend, the current price has reached a resistance zone, with limited space above and below, resulting in minimal operational space.

Although the moving averages are in a bullish arrangement on the 1H and lower levels, further upward movement may easily trigger a synchronous divergence between the MACD and the price candlestick.

The risk of holding long positions in the near term is relatively high, and it is advisable to wait for the right opportunity, avoiding chasing the market upward, primarily focusing on high selling.

Positions for short selling can be gradually established at 106.3k and 107.7k, targeting 104.5k and 103.2k.