The morning outlook on Bitcoin remains clear: the bullish momentum is nearing its end, and patience is needed for a pullback opportunity.

Overnight, the price again moved higher, reaching around 94,700. Overall, it has been gradually rising, which does not seem friendly to the bears. However, it is important to note that this upward movement is not a one-sided surge but a repeated consumption at high levels. The current pace of upward movement has clearly slowed, and chasing longs at this stage is not justified.

Structurally, the bulls appear strong on the surface but lack a substantial breakthrough. The 4-hour chart shows a slow upward push along the upper Bollinger Band, with minor pullbacks quickly pulled back up. It looks stable, but in reality, the upper space has not been truly opened. This is a typical pattern of slow rise with high-level short squeeze; once the momentum exhausts, the pullback often comes faster.

Last night, @E1@ already suggested a short position at the current price. Brothers who haven't entered can focus on subsequent rebounds, paying close attention to the pressure around 94,000–94,500. Continue with a short bias, with the first target at 92,000, and further support levels around 91,000. $BTC