Bitcoin consolidation: Don't rush to short!

Bitcoin has been oscillating between $73,300 and $74,500 recently, with minimal volatility. Seeing the price not moving, many people want to "catch the top" and short, but this is actually very dangerous. Check these signals first before making a move:

Trading volume holds the key
On the 4-hour chart, when price surges upward, trading volume actually shrinks. This typically doesn't signal a reversal downward, but rather that fewer people want to sell. If the whales truly wanted to dump, they should sell heavily during rallies, but they haven't done so, suggesting their target may be at higher levels.

Key levels have changed
Previously, around $73,300 was a dense panic-selling zone. Now that price holds above it, this past "resistance" has become "support." As long as we don't truly break below here, the uptrend remains intact.

Futures market is "hoarding"
Current futures open interest is increasing rapidly. History tells us that once the market accumulates this many bullish positions, it takes a long time for a complete reversal. Before open interest shows clear bearish divergence signals, any pullbacks are likely just short-term corrections.

What to do now?
Watch the range: Keep an eye on $73,300 - $74,500.
Shorting opportunity: Wait for the 4-hour chart to surge again with volume expansion close to previous highs—only then consider short positions.
There are currently no signs of a top formation. Trading against the trend for shorts will be extremely painful.
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