In fact, the past couple of days have been quite tough for most people. Aside from some simple or seemingly wise spot traders who may have enjoyed decent gains, many contract traders either opened long positions too early, got trapped in short positions, or faced liquidation, ending up with nothing.

Yesterday, I saw in the square a player who opened a SUI position and got liquidated for 160 million. Don’t think you can escape every wave of volatility; in the crypto world, contracts can be as addictive as drugs. We all say that if we had that much money, we definitely wouldn’t trade contracts. But years of countless experiences have taught us that human nature can never be overcome.

Yesterday, while browsing the square, I saw that most of the short sellers had various reactions. Some said, if it drops back, I’ll make a sacrifice to the heavens; others said they could run naked for a kilometer. In any case, they were praying and hoping for a drop soon.

A drop is certainly going to happen. This time might feel quite long and torturous for everyone.

If I’m not mistaken, most technical analysts right now, like me, are hesitant to speak freely. Those who opened short positions are scared, and those who went long either closed early or got liquidated due to price spikes.

But this position is risky; although it hasn’t materialized yet, it is genuinely at a high level. I’m also reflecting on myself, perhaps I warned too early. The value of emotions, the madness of fervor, can sometimes reverse, or at least extend for a long time.

BTC currently has a market cap of about 2.8 trillion. Each time it reaches this position, it has welcomed a significant drop in the following month. This surge in BTC makes me ponder whether this is the peak of this bull market. It has always been the case before, but I wonder if this time will break the trend.

There’s really not much to say about the daily level; it has pulled up significantly at a high level, and the pattern looks good, with no signs of a pullback at the moment. However, it is already at a high level, so it is genuinely advisable to reduce positions on the upswing. No one can consume all profits; at the very least, you should set a trailing stop-loss.

Regardless of whether it goes up or down, there will always be complaints—either self-criticism or blaming others—but everyone will pay for their own understanding, either making money or facing liquidation. But that’s not important; what matters is how we can sustain profits in the long term in the crypto world. If you find others unreliable, then just trust yourself.