Bitcoin Showing No Signs of Reversal Yet — Possible Range Format

At the moment, Bitcoin’s chart shows no clear signs of bearish exhaustion. To confirm a potential trend correction, the price needs to push up to $110,354.
If it climbs higher than that, we can assume the downtrend is likely over.

Currently, there’s a possible short entry around $104,856, but my personal view is that Bitcoin may start ranging soon to build a new structure. For now, I’m staying patient and observing the market.

If you already hold short positions, I recommend taking profits (partial or full) — that’s the safer play in this phase.
However, if Bitcoin drops below $100,000, consider selling your spot holdings, even at a loss, to protect your capital.

Remember: Capital preservation is more important than catching every move.
Markets often consolidate before the next major leg — stay alert for new structure formation.