Monday summary: the direction is wrong, and all efforts seem wasted. The bulls might be feeling the pain tonight, as in the past 24 hours, the entire network has liquidated $241 million, mainly due to long positions being liquidated for $194 million, while short positions saw $46.69 million liquidated, affecting over 102,200 people! It’s really hard to know how to respond; this is the washout effect under a trend. If you don't defend well, no one can escape!

U.S. stock market opens, all lines decline, and how can the crypto circle be spared? Bitcoin clearly indicated a long at 94,000 today, with a minimum drop to 91,597. The first target of 92,000 has been reached as expected, yielding a profit of 2,000 points on two long trades today. Isn’t that sweet?

The thought process these days has been focused on looking for long opportunities; it's not stubbornness but a trend issue, which has been repeatedly emphasized. A slow decline is the most frightening because you don't know where the bottom support is. You can choose not to short, but at this stage, definitely do not catch a falling knife.

Currently, there's not much worth noting. As the end of the year approaches, funds need to be returned, and many main forces are cashing out. Remember, there will be actions to wash out shorts during the rebound, but the trend remains unchanged. If it’s going to rise, we’ll have to wait until after the New Year. Today’s thought is very simple: continue to short on rebounds, and for the short-term support below, keep an eye on the 91,000-90,000 range.