BTC recently approached around $95,000. This wave of market movement looks like a fairly regular head and shoulders bottom pattern. But does this mean it's about to skyrocket? I don't think so.

In the short term, the technical signals actually lean towards caution. The next wave of correction is quite likely, and the support level will probably come around $90,000.

So my current approach is to look for shorting opportunities near $94,000, with a stop-loss placed above $95,000. By the way, assets like gold and silver are also consolidating sideways now, facing similar short-term pressure.

The key level to watch is the $95,000 mark. Once BTC can break through with increased volume, the bullish momentum will significantly strengthen, and the next target could be $102,000. But if it gets repeatedly suppressed here, be prepared for a correction, and shift your outlook to more bearish.

At this stage, the main strategy is to short on rallies. The market isn't fully optimistic yet, so it's always better to be cautious.