The short positions can consider taking partial profits now, while the overall short strategy can still be held; for long positions, if you are a staunch bull believer, then you can continue to gamble around 653 where there is support, this is the smart bull trading, rather than seeing 80,000 above 68 and then going long.

How will subsequent events develop and how will they affect cryptocurrencies?

1. Today is Saturday, the US stock market is closed, and the ETF is not trading. Will the conflicts intensify over the next two days, and will they affect the US stock market and Nikkei on Monday, and consequently the cryptocurrency trends?

2. The ETF remained in an inflow state yesterday, with an inflow of 5,884 units. From the perspective of Bitcoin alone, the downside will be limited, and if sudden conflict events occur again, it will still likely show pin bar trends, making it difficult to form a downtrend. JMDS10

3. The impact of war on Bitcoin is neither direct nor absolute. The main concern is the potential bubble in the US stock market; only a significant drop in the US stock market would negatively affect Bitcoin, for example, like the circuit breaker on March 12. Therefore, Bitcoin breaking through is only a matter of time, while altcoins are currently in a downturn again, requiring relatively cautious operations.

4. The elections will start on the 6th of next month, and interest rate cuts will be announced on the 7th. In the week before that, there may still be market movements, so there is a good chance to bottom out at the end of the month, with Bitcoin breaking 70,000 at the beginning of the month. However, the meme related to Trump has already suggested exiting early, and conservatively, the entire MEME sector peaked ten days ago. Generally, such clear positive news needs to be arranged a few months in advance, and exiting half to a month before the node is ideal, preferably during the peak excitement.