Looking at BTC's weekly chart on the 12th, there's something to watch out for—the 3-day chart hasn't formed a golden cross yet, which means risks still exist. The 12-hour timeframe has been consolidating without breaking key levels, so keep an eye out for any signals of a bearish cross below the zero line.

However, the 6-hour timeframe offers some hope, as a bullish cross above the zero line has already appeared. The 4-hour chart is currently in a pullback. Next, we'll wait for the 1-hour timeframe to return to the zero axis, and then see if the 15-minute or 30-minute charts can provide any decent trade entry opportunities.

On the price side, the upper resistance levels are at 91292, 92169, and 93376. The lower support levels are at 89885, 88752, and 87463.

Market sentiment data: The BTC long-short ratio is currently 2.06, and the fear index has spiked to 222. The actual long-short distribution is 51 to 49, and the overall market stats are evenly split.

As always—don't make any moves without a clear setup, and always use a stop loss when opening a position.

*The above content is for reference only and does not constitute investment advice.*