Hello everyone, I am Mihu.

I believe that many people are shorting in the current market. As I mentioned yesterday, from a technical perspective, after 80,000, it has always been a shorting market. However, Bitcoin continues to hit new highs, and the struggling Ethereum has also recovered a bit yesterday, while other altcoins are still lagging behind.

100,000 for Bitcoin is indeed a significant threshold, but what I want to say is that this year's market is different from any other time before. The biggest positive today is the rise of the new government, combined with the overall market sluggishness, capital needs to find greater returns somewhere to make money. So there is a saying among the people: follow the policy, and you will both drink soup and eat meat. The real rise of Bitcoin is driven by spot trading, which is different from previous contracts. You can still use liquidation maps and technical theories, but this month's market is entirely under institutional control. Once it rises, it won't let it come down easily. So my strategy is: wait for a pullback to go long, not to short. If there are no opportunities, just stay in cash and observe.

Currently, there are no short signals at all. Instead of trying to catch the peak, it’s better to wait for a short signal before entering the market. If you can’t make a profit of 5000 points by catching the peak, can you still make 3000 points on the right side? It’s much better than repeatedly trying to catch the peak and stopping losses.

Additionally, although around 99,000 is an ideal short position, it is precisely because it is too ideal that I choose to enter on the right side. Think carefully about it.