Market Observation: Bitcoin's 1-hour chart shows a typical narrow-range consolidation pattern. The price repeatedly tests between 92,200 and 92,646, being squeezed between the middle and lower bands of the Bollinger Bands. The current level at 92,412 is near a key support zone.

An interesting technical aspect is this— the MACD's DIF line is approaching the DEA line, forming a potential bullish crossover. The green bars are gradually narrowing, which is a classic signal of short-term weakening downward momentum. In other words, the bears are losing strength, and a rebound is already brewing.

Trading strategy involves two steps: First, lightly position long in the 92,300-92,500 range, aiming to capture profits from a rebound toward the middle Bollinger Band. The second, and core step—wait for the price to rebound to the 93,300-93,500 resistance zone. If clear resistance signs appear, decisively switch to short positions.

Risk management details: Place long stop-loss below 92,000, and short stop-loss above 93,800.

In simple terms, chasing the market at these levels—either buying on a rally or selling on a decline—easily leads to traps. The safest approach is to operate in stages—first, buy a rebound at low levels, then short at high resistance zones. Combining these two tactics is the way to go.

The market always tests psychology; maintaining discipline is more important than just predicting the right direction.