Recently, Bitcoin's price movement has shown a sideways to slightly bearish trend, but trading opportunities still exist. If you're considering intraday trading, here is a practical suggestion for reference.

In the short-term trading aspect, both short and long positions have opportunities. The key is to accurately identify entry points and control risk. If the price is resisted when rebounding to the 91,800 to 92,200 range, you can try a small short position, but be sure to set a stop loss above 92,500. Conversely, when the price falls back to the 90,800 to 90,600 range, and a sign of stabilization appears (such as a small bullish candle or significantly increased volume), you can try a small long position, with a stop loss set at 90,400. From a take-profit perspective, short positions target the 90,800 to 90,200 range, while long positions look toward 91,600 to 92,000.

However, from a medium to long-term perspective, the situation is somewhat different. The current 99-day moving average is still above the current price, indicating that Bitcoin is still in a correction phase and has not entered a clear upward trend. In this context, a more cautious approach is to wait and see, looking for more definitive trend signals—such as a volume breakout above the 99-day moving average or a break below key support levels.

Risks should not be overlooked. Although the MACD has shown a golden cross, it is still below the zero line, which means the rebound strength may be limited. Additionally, since volume has not shown a significant increase, the risk of a false breakout does exist. Therefore, it is recommended to keep position sizes strictly between 5% and 10%, and to resolutely execute stop-loss plans.

Next, focus on a few key observation points. First, whether the volume can break through above 92,500; if it does, the short-term trend may reverse upward. Second, watch the 90,600 level; if broken, it could accelerate a decline toward the 89,000 to 88,000 lows. Lastly, monitor whether the MACD can stay above the zero line, as this will significantly impact the strength of the rebound.

Overall, in the short term, Bitcoin remains in a consolidation pattern, and range trading with high sell and low buy strategies is more appropriate. For the medium to long term, patience is needed, and one can wait or test with very small positions. Regardless, strict stop-loss execution and moderate position sizing are the foundation for long-term stability.