I've been keeping a close eye on BTC's price action lately, so let me share some insights I've noticed.

Looking at the larger timeframe, the daily chart is still moving within a downtrend channel. This recent pump? Honestly, it seems more like a rebound rather than a full trend reversal—still needs some more momentum. But here’s something interesting: a double bottom pattern has appeared on the 4-hour chart, along with a few strong signals. If BTC can decisively break through key resistance, reaching the 96,000 to 99,000 range isn’t out of the question.

So, how to play the short-term? Here’s what I’m thinking:

Wait for a pullback to around 90,000–91,000 and watch if a bottom forms and price stabilizes on the smaller timeframes. If the setup looks good, going long at this level could be quite attractive—the target would be 96,000 or even 98,000, with a stop loss set just below 89,000 in case of a breakdown. If BTC continues to break upwards, that profit could be significant.

On the flip side, if the rebound actually reaches the 96,500–99,000 resistance zone, keep an eye out for signs of weakness. After all, the macro trend is still down, so remember: follow the major trend, not the minor swings. If obvious bearish signals appear, setting up a short position could be a good strategy, with a stop loss above 100,000 and targets back to 90,000 or even 85,000.

Of course, no one can predict the market for sure. These are just my personal observations, not investment advice. Always exercise caution—manage your own risks.