First of all, it’s not that I’m bearish; I indeed shorted Bitcoin at 96,000 last night. So whether in terms of subjective awareness or personal emotions, I will certainly lean slightly towards bearish. Currently, I am still holding on, and just looking at the hourly chart is enough. The middle track pressure at 96,000 has been tested multiple times without a breakthrough. Additionally, the position of 97,000, which was pressed down during the day after a rebound this morning, has also been tested multiple times. The bulls at midnight want to push up; first, they need to break through these two positions.

I’m not overly bearish, but I absolutely won’t stubbornly try to bottom fish. In the crypto world, one day can feel like ten years in the human world, and that is indeed the case; anything can happen. So what we can do is to remain unchanged in response to all changes, using small stop losses to seek large profits. If Bitcoin wants to rise at midnight, it must first break through the two positions of 96,000 and 97,000. If it continues to weaken, then we will have to test the levels of 93,000 and 92,000. This rise to 102,700 high positions was a result of a climb from a low of 91,500.

At midnight, if I want to go long, I will wait for the market to break and stand above 97,000 to see if I can chase after it. As for my short position at 96,000, I will set my stop loss at 97,500, and I want to continue to try for a move down to 93,000 and 92,000. If there is a surge, I might exit early at any time. The market is ever-changing, and each of us must remain clear-headed at all times. Don’t get carried away, don’t just follow others, and don’t paint unrealistic pictures for yourself, get overly excited, or shout slogans! #加密市场回调 $BTC