Recently, Chuanzi's actions have indeed been quite significant, seizing Venezuela, taking Greenland, and preparing to strike Iran. It seems like reckless operations, but in fact, it's a grand strategy, a competition for resources, leveraging pressure on the Federal Reserve to cause passive interest rate cuts. Later, I will take the time to provide a separate analysis to share with everyone.

In the last three trading days of this week, volatility may increase. Compared to the past, it should be a bit larger, with many narratives, such as US stock earnings reports, the Federal Reserve's policy meetings, crypto legislation, and other external factors that may play a role in amplifying effects.

Returning to the chart, we are currently experiencing a strong rebound at a small scale, transitioning from the previous weak downtrend to a more oscillating trend. The process of Bitcoin falling from 979 to 860 is very smooth, with only a brief pause at 90,000; all other positions are unobstructed. After this drop of 10,000 points, we are currently witnessing a wave of bullish counterattack. So my understanding is that after extreme weakness, there has been an oversold rebound, but it cannot be said that this is a truly strong bullish phase.

Additionally, the daily line has continuously closed below 90,000 for 8 days. If it maintains a continuous close above 90,000, there is still a chance for the bulls; otherwise, at this stage, it is merely a wave of replenishment, a fleeting moment.

Is it possible to short at this stage? I believe it is, but one cannot short blindly. Key resistance positions should be targeted for entry, as a small-scale strong trend is underway, with the fast and slow lines on the hourly chart above the zero axis; this is something to pay attention to.

Previously, the natural rebound high and low after the drop on January 20 in the US market was around 915. Therefore, today we will use this as the key resistance level to short. If 915 breaks and holds in the next couple of days, there is a probability of pushing towards 940 (1074-8060, Fibonacci 0.5 level).

Additionally, the following few pullback points are today's 888, yesterday's 875, and the day before yesterday's 870.

Especially at 870, this is the position after a breakout pullback. If it can be maintained for a while, the probability of a large drop afterwards is quite low. However, if 870 no longer exists, then we will need to test the previous bottom at 850.

On the day Ethereum at 2800 didn't hold, considering the timing was mismatched, but there are still expectations around the Spring Festival, so in early February, after a price pullback, one should gradually build a bullish position. This is just a personal opinion.