Recently, the market has experienced quite volatile fluctuations. The surge in Bitcoin this morning seemed fierce, but the hidden risks behind it should not be underestimated. This is also why I have been emphasizing the importance of setting stop-losses—the most direct way to cope with such sudden market jumps.

The interesting point in the current situation is that many people, seeing this rally, are starting to turn bullish, but this is precisely the easiest time to get caught in a trap. The latest statement from the Bank of Japan signals that the interest rate hike cycle is far from over. In this context, blindly chasing gains is like dancing on the edge of a cliff—exciting but too dangerous.

From a technical perspective, the resistance level at 96,800 is crucial. The afternoon trading strategy can revolve around short positions within the range of 96,000 to 96,800, with the lower target around 94,000. Mainstream cryptocurrencies like BTC, ETH, SOL, etc., have recently been repeatedly testing similar resistance zones, and the underlying logic is consistent—the natural correction of risk assets under the expectation of liquidity tightening.

Simply put, now is the time to stay calm, neither chase the rally nor rush to buy the dip. Wait for clearer signals before taking action. Set your stop-losses properly so you can have peace of mind.