One night earning 300,000, excited until dawn to fall asleep! But has this wave of market really ended? What’s next? Let me share my thoughts.

From the chart, BTC is currently fluctuating between 89,500 and 94,000. The simplest method is to buy near the lower edge and sell near the upper edge, taking advantage of the swings.

But to be honest, I’m not very inclined to go long; I prefer to sell on the highs. The reason is simple: once the key support at 88,500 breaks, it could likely trigger a wave C decline, and the space might not be small. Yesterday, Shu Qin also mentioned that we are currently in a downward continuation, and indeed, a severe drop verified this last night. Although some whales are still bullish, thinking the U.S. stock market will be bullish and the crypto market will follow suit—what if the U.S. stock market can’t hold up? Yesterday, there was an unexpected drop of 2%, and the futures and spot prices have frequently inverted; something doesn’t feel right.

If you are relatively aggressive, you can also short lightly at the secondary resistance of 91,500 to 92,000, but it’s recommended to keep the main position around 94,000. If it hits, then short; the risk-reward ratio is quite comfortable.

ETH also follows the high short strategy, with 3,400 and the recently emphasized 3,250 shorts, almost all positioned at the stage highs. Congratulations to those who followed along! Currently, the structure still leans bearish, and rebounds still present opportunities.

In short, I believe the larger direction hasn’t reversed yet, so maintain patience and wait to short on rebounds. Especially if the U.S. stock market shows signs of weakening, be more vigilant about correlated declines.