Going with the trend means making money; going against the trend basically means getting beaten.


The current market situation is very typical: shorts are overly crowded, funding rates are continuously negative, and more people are shorting as it drops.
In this situation, the main force is likely to first push up to shake out the shorts.
So this rebound isn't over yet; in the short term, there's a chance for another surge, targeting 75,000–77,000.
But note—this surge is very likely the end of the rebound.
One sentence summary:
First push to blow out the shorts, then turn around to harvest, it's an old script.
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