Last night BTC surged; it turns out it was speculation about interest rate cuts. However, recently, funds have not accumulated, and it is likely that the main players are using the news to drive the market up and entice more buyers.

Many people are shouting that the bull market is back; I cannot agree with this. From the perspective of retail investors, a rise means it's a bull market. From the perspective of the main players, it's not that simple. If they really want to prepare for a round of increases, there must first be sufficient turnover and accumulation, neither of which is present at the moment. Therefore, I will not adopt an overall bullish view, nor will I join the bulls.

Is there a possibility that suddenly good news will break out, and the market will start to rise broadly? The probability of this is almost nonexistent or very low. Because the cryptocurrency market is controlled by the main players and operators, if the operators haven't accumulated in advance, it's impossible for them to work for retail investors.

Therefore, I still choose to short at important resistance levels, but the funds accumulated last night have not left, so in the short term, it may not drop quickly. It might continue to surge, forming a double top or even a triple top.