This wave of Bitcoin's movement is worth a thorough review.

Looking at the 1-hour chart, after touching the 97,663 level, the price was directly suppressed and fell back, with the upper band of the Bollinger Bands clearly acting as resistance. The more interesting part is the performance of the indicators below—the MACD fast and slow lines have already started to turn downward, indicating that the bullish momentum is clearly weakening, and the bears are gaining strength.

From the chart, this is a typical high-level reversal signal. The price encountering resistance at the upper band + MACD bearish divergence and death cross, these two signals resonating, suggest that there is indeed a short-term opportunity to go short.

How exactly to operate? The key is patience. If the price rebounds around 97,000 but fails to break through, that is an ideal entry point. Place the stop-loss above 97,800, keeping the risk around 800 points.

How to view the target levels? The first target is near the lower Bollinger Band at 95,930. From 97,000 down to here, there is nearly 1,000 points of space. If the decline continues, the second target can be in the 94,000-93,000 range. Calculated this way, the risk-reward ratio exceeds 1:1, making it worthwhile from a data perspective.

A common mistake is chasing the rise or fall. The price has already fallen from the high, and the middle band has also broken down, indicating a clear short-term trend weakening. Trading with the trend to short is safer logically. But don’t rush; avoid chasing shorts at the halfway point. If the price drops directly, then this opportunity is missed—anyway, the crypto market always has the next wave.

Ultimately, it all comes down to two words: discipline. Set a proper stop-loss, trade with small positions, and let the data speak. The market is always right; we only follow high-probability signals. Emotions are useless in trading.