BTC is consolidating on the four-hour chart. How should positions be arranged within the 87,799-93,611 range?

[Crypto World] Looking at BTC’s recent 4-hour trend, the price has dropped sharply since the early hours of December 7, but compared to the night of the 5th, it has recovered a bit. It’s a typical bearish engulfing pattern, ending with a red candle.

Trading volume has clearly shrunk, and with the price dropping and volume decreasing, this combination usually means the market is in a wait-and-see mode, with both bulls and bears reluctant to move.

From a technical indicator perspective, the MACD doesn’t show a clear direction, but even though the histogram is still negative, it’s getting shorter—which means bearish momentum is weakening. The KDJ is hovering around 50, with no golden cross or death cross, indicating a neutral-to-weak state.

If you’re considering trading, keep an eye on these key levels: Long entry reference: around 89149 or, for a more aggressive approach, look at the support at 87799, with a stop loss set at 88703. Short entry reference: resistance at 93543 or 93611, with a stop loss at 94010.

The current range is roughly between 87799 and 93611, with the highest reaching 93543 and the lowest testing 89149. It’s a sideways consolidation phase, so wait for a direction to emerge.