Bitcoin Consolidation: Don't Rush to Short!

Bitcoin has been hovering between $73,300 and $74,500 recently, with minimal fluctuations. When price doesn't move, many people want to "catch the top" and short, but this is actually very risky. Check these signals first before acting:

Volume Holds the Key
On the 4-hour chart, when price surges upward, volume actually decreases. This usually doesn't mean a reversal downward, but rather that sellers are drying up. If whales really wanted to dump, they should sell heavily during the rally, but they haven't done so, suggesting their target may be at an even higher level.

Key Levels Have Changed
Previously, $73,300 was a dense panic-selling zone, but now price holds above it, meaning this former "resistance" has become "support." As long as we don't actually break below this level, the upward momentum remains intact.

Futures Market is "Accumulating"
Current perpetual futures open interest is increasing rapidly. History tells us that once the market accumulates this many bullish positions, a complete reversal takes considerable time. Before clear bearish divergence signals appear in open interest, any pullback could just be a short-term correction.

What to Do Now?
Watch the range: Keep an eye on $73,300 - $74,500.
Right timing to short: Wait for the 4-hour chart to rally again, and volume should expand to levels close to the previous high. That's when consider taking short positions.

There are currently no signs of a top. Shorting against the trend will be extremely painful.
Follow Mo Yan, focus on perpetual and spot positioning. Team still has spots available, get on board quickly#币 $BTC