Today there is no entry; those going long need to be very cautious. Once the shanzhai season starts, Bitcoin can no longer be used as a marker. When the big cake has little reference value, the trend becomes hard to discern. A big rise is inevitable, but whether there will be a significant drop before that rise is what we need to focus on and be wary of; we may encounter extreme market conditions soon.

My senior friend also sent a reminder this afternoon, sharing for everyone's reference: tomorrow there will be a Microsoft shareholders meeting to vote on whether the company holds the big cake, and the day after there will be CPI inflation data. Today, there is a probability of pressure on the market, preparing for volatility, and positions need to set stop losses. Usually, before a big rise, there is a wave of decline to wash out positions.

☕️ In this situation, I would choose not to enter the market. The downtrend is obvious; I won't short in a bearish market. The reasons have been shared in previous posts. If I enter to short, the market might rebound slightly to push me out before continuing to decline (making it hard to judge whether it is recovering or continuing to drop), and I don't want to be manipulated for a small gain. When not entering the market, enjoying life and maintaining a good mood is fundamental.