Bitcoin surged strongly to the 96,800 level in the early trading session today, then entered a sideways consolidation at a high level. Friends who went long at the low did not get a good entry point; after market tested the support and resistance switch at 94,500, it quickly rebounded. chasing the rally is obviously not a wise move.

From the current trend, the 96,800 level has already absorbed quite a few short positions, and currently, the trapped longs are still holding on stubbornly. Continuing to hold is not a big problem; the key is to control the position size. If you haven't opened a short yet, the current price around 97,100 is still a possible entry point for shorts, and 98,800 is another opportunity to add positions. Shorts trapped at higher levels earlier can wait until around 98,800 to chase the short at a higher level. Focus on gradually reducing positions at 95,500, 94,500, and 93,500 below. There is obvious resistance at 98,000 above, and the opportunity for swing shorts is here. The main position can go in first, then decide based on market feedback.

Regarding Ethereum, previously suggested to short at 3400 and 3440, currently 3400 has presented an opportunity, and you can continue to hold the position. Those who haven't participated can also consider establishing a short position from here, targeting key supports at 3350, 3280, and 3230.

The market never has absolute right or wrong; volatility doesn't always mean profit. Trading is about sticking to strategies you are good at and waiting for opportunities you truly believe in. The market is like a mirror, reflecting each person's character traits. Time will eventually score everyone's choices. Learning to accept and enjoy this process is the foundation for long-term profit.