Today’s market situation has really made people exhausted. Early in the day, Bitcoin quickly dropped to the bottom of the range at around 65,500. Originally, the expectation was that the rally might continue to gain momentum, but unexpectedly, the subsequent rebound and recovery were much stronger than anticipated. In the evening, driven by US stock market sentiment, the price surged again to near the top of the range at around 69,500, a daily increase of 3,000 points. After my initial short position was stopped out, I re-entered a short around 67,700 in the afternoon and followed the market in real-time. Through averaging down and reducing positions in batches, I only managed to gain a few hundred points in short-term profit. The short-term gains from the previous squeeze were almost wiped out. Throughout the day, I operated intensely but with mediocre results, almost a waste of effort. All I can say is that the market is always right. If your direction judgment is wrong, accept it calmly. If you make a mistake, admit it. Don’t get stuck or hold on stubbornly. Focus on learning from the experience and prepare for the next round.

From the current market structure, tonight’s rally continues, testing the upper boundary of the range again, but still unable to break through. Overall, it remains in a high-level range-bound oscillation pattern. In the next couple of days, it’s likely to consolidate through sideways movement, with no clear trend signals yet. A few days ago, I warned against blindly chasing deep dips during the correction phase, and the same applies now at high levels. Don’t be aggressive in chasing, wait for a confirmed breakout before following the trend. As I’ve said in previous live streams: don’t chase dead-end rallies, don’t chase dead-end dips, only follow the market’s signals and go with the trend. No pre-judging, just follow. During the midnight hours, we will adjust our approach, look for opportunities to pull back and re-enter, and observe the continuation strength and slope situation.

Bitcoin: 68,000–68,300, aiming for 70,500.
Altcoins: 1980–2000, aiming for 2100. #微策略再砸12.8亿美元增持BTC $BTC