BTC's recent trend is not very good, with large volume falling and small volume rebounding, and repeated shocks are annoying.

But there is no obvious negative news in the macro sense. US stocks are rising, the US dollar is falling, and ETFs have ended the long-lasting net outflow and started to turn inflows. The only explanation is that large funds are moving for unknown reasons.

So it is actually difficult to bet on a clear long-short direction here, because there are too few deterministic factors, and the naked K strategy should have been tortured and lost patience in the past few days.

I still tend to be bullish. The chips near 5.6w are well held. It is relatively healthy to hold 30% to half of the spot. The current position is not worth all-in.