$BTC Short Bias Remains, But This Support Zone Requires Risk ManBitcoin / TetherUSBINANCE:BTCUSDTTrader_GeminiSummary: BTC is now trading around an important short-term support zone. I still view the mid-term and long-term structures as sell-side dominant, but the short-term structure has been strong enough to require proper risk management on short positions. This is not about abandoning the broader short view. It is about respecting the current support zone and managing exposure. Market structure: As mentioned in the previous analysis, I have been accumulating short positions. From an Elliott Wave perspective, the current upside move still looks more like a complex WXY corrective structure than a clean impulsive wave. Because of that, I do not want to treat this move as a confirmed major bullish reversal yet. However, the short-term structure is not weak. The weekly candle has engulfed the previous bearish weekly candle, and price has continued higher without a major pullback. That means short-term strength needs to be respected. Wave context: The current move can be interpreted as a corrective structure rather than an impulse. If this is a WXY-type correction, then the broader bearish view can still remain valid. However, corrective structures can still move higher than expected, especially when the short-term momentum is strong. This is why I prefer to accumulate shorts across a wider range instead of forcing a narrow entry zone. Key zone: The blue box on the chart is the key area I am watching now. This zone can act as meaningful short-term support. For traders holding shorts, this is an area where partial risk reduction can be considered depending on entry price, position size, and risk tolerance. For traders looking for longs, this area can also be watched for a possible reaction setup. My current plan: For my own position, I am planning to partially reduce risk on the short position around this support zone. I also have a long position from the lower planned area with a similar position size to my short exposure. So my approach here is not simply to cut the short position blindly. It is to manage the balance between both sides while watching how price reacts around support. Scenario: If BTC holds the blue support zone and continues higher, the short-term bullish structure can remain active. In that case, shorts need to be managed carefully. If BTC loses this support zone with clear weakness, the broader sell-side structure can regain control. Conclusion: The higher-timeframe structure still remains sell-side dominant in my view. But short-term strength cannot be ignored. This is a zone where risk management matters more than forcing one direction. The market is not about certainty. It is about response. This is a market structure analysis, not financial advice.