$BTC Technical Analysis Key Points:
99-100k Resistance Area: You pointed out that $BTC is testing this key resistance area, which is an important psychological level for the market. In this case, there is a possibility of both a breakout or a pullback.
RSI and Volume: The RSI is at 64, indicating there is still room for upward movement, but the lack of volume support is a concern. Volume is a key factor in confirming breakouts; without sufficient volume, the validity of the breakout may be limited.
Head and Shoulders Pattern: The head and shoulders pattern on the daily chart is indeed concerning, but as you mentioned, if there is volume support and it closes above 100k, this bearish pattern may fail.
50-Day Moving Average: $BTC closed above 97,000 USD and resonates with the 50-day moving average, showing some bullish momentum.
Altcoin Trends: The rise of altcoins may have diverted market attention and funds, weakening the momentum for $BTC to break through 100k.
Strategy Suggestions:
Shorting the 99-100k Area: If you believe that $BTC lacks the momentum to break through the resistance area, shorting this area may be reasonable. However, it's important to set a reasonable stop-loss to manage risk.
Wait for Confirmation: You mentioned not trading at the moment, which is a cautious approach. Waiting for $BTC to break through 100k with volume support before entering may be more prudent.
Patient Observation: Trading near critical levels requires patience and good risk management; wait for the market to give clearer signals before acting.
Conclusion:
The current market situation is complex, and breakouts lacking volume support may not be reliable. Patient observation and flexible responses are key, especially when facing potential high volatility.