#比特币对比代币化黄金 $BTC is hovering around 90066 on the 4-hour chart, gaining less than 1% in the past day—a typical consolidation with a slight bullish bias.

What about the technicals? MA5 and MA10 have already formed a golden cross, MACD has turned bullish, and KDJ's bullish momentum is still intact—these are indeed bullish signals. But don't forget that MA20 is still pressing overhead, and the Bollinger Bands are starting to squeeze again, which means a big move could be brewing soon. There's no sign of extreme overbought or oversold conditions for now, so things are still relatively stable.

The capital flow is a bit tricky. There's net inflow into contracts over the past 24 hours, but outflow on the 4-hour time frame, and spot continues to see outflows. Clearly, the market is cautious. However, the price-volume structure is healthy—volume increases on up moves and decreases on dips, which is somewhat reassuring.

As for trading strategy, bulls can try a small position at the current price of 90066. If it breaks above the resistance at 92095, consider adding to your position. The first target is 93926, and then aim for 96130. Suggested stop loss is at 87688; if it breaks below, don't hesitate to exit.

As for shorting, it's not recommended to blindly short in the short term unless the price falls below the key support at 88061, with another strong support at 85858 below. If you really want to go short, wait until the support is clearly broken, otherwise it's easy to get squeezed by the bulls.