Last night's market movements can be described as a mixed bag—some are happy, others are worried. The short positions at 89500 and 90500 for Bitcoin were directly stopped out, and the shorts I currently hold are also trapped. The second short at 3100 for Ethereum is the same. The defensive lines are set around 92300 and 3230. Tonight, I’ve decided to rest and not stay up late to drain my energy.

During this period, the market has been swinging on the edge of life and death. A sudden wave of intense volatility might actually be a good thing—it's time to break the deadlock. If it doesn’t rise, it will fall. Every day, either the bears are overwhelmed or the bulls are in despair. The daily profit fluctuations from trading are quite normal. Friends who go all-in right away are only suited to enter during this midday period.

Don’t rush to declare the bull market reborn after a rebound. Of course, I say this not because my shorts are trapped and I’m bearish on the future—such logic doesn’t hold water. Friends who are currently without positions, now is definitely not a good time to chase the rally. Recently, the market has been a typical cycle of pump and dump. You need to control your impulses to chase and sell. Missing out on long positions during the day is okay; there’s no need to rush to catch up.

For those trapped in shorts, set your stop-loss properly, and then it’s just a matter of waiting for time to resolve it. It’s better to avoid adding to your positions.