Bitcoin has shown an interesting movement on the 1-hour chart. After a small breakout at the bottom of the consolidation range, the price rebounded strongly and is now approaching the key resistance level of 92.6K.

From a short-term trading perspective, if you are holding a long position, this is a relatively good point to consider taking profits. After all, the short-term volatility is quite evident, making it difficult to predict whether the next move will be a continued surge or a pullback.

For those with a cost basis below 90K, you can continue holding, as your position is relatively advantageous. However, if your entry cost is not ideal, I recommend locking in profits first and waiting for a better opportunity to re-enter on a pullback.

If the breakout at 926 fails, the price may consolidate on a smaller scale for a while. If the bears can then break through, it might be a good time to consider shorting. For now, the focus should be on defending these key levels.