Earlier, I mentioned that after the last deal, regardless of whether there is a liquidation or not, I do not plan to step into the cryptocurrency market anymore. Since I opened a short position, I will explain the reasons for going short.

In the chart, the first box represents the turning point, which was breached on the 25th, resulting in a counter-trend rebound. The turning point tested faced pressure and moved downwards, rebounding upwards after hitting a new low. Personally, I believe that the rise from 915 is the four-hour rebound,

with one test of the turning point at this position. It encountered pressure, dropping from 108 to 915, roughly a 15-point decline. Generally, such a deep correction tends to be around 20-25 or even 30 points. Moreover, since the rise started from 667, there has been too large a gap in between; at the 7.6-8.8 position, I am betting it will dip once before rebounding upwards. As for whether it breaks 108, it's hard to say; even if this position is not the peak of a bull market, the subsequent increase will be limited.

Once again, I wish everyone prosperity in the cryptocurrency market.