When failure strikes me again with punches and kicks, when I am once more battered and bruised, when a friendship I thought would last forever suddenly turns into betrayal, when everything comes crashing down on me, I wipe away the tears spilling from the corners of my eyes, dust myself off, and tell myself I cannot give up.

Yesterday, Wednesday, I was delayed due to some matters, so I didn't update the article or rearrange trading operations. The market over the past two days doesn't seem to have much worth reviewing; during the day, it mainly maintained a range, and as the U.S. market opened, it surged directly. Under the favorable comments from Old Trump, it has strongly risen above 94,000 in just a few days. In terms of operations, during this strong market, we previously attempted to open a short position, expecting a certain pullback, but the direct surge forced us out of our short position with a loss. I truly didn't expect the market to become so strong suddenly; there are various factors at play. Next, a new trend is beginning, and I hope we can reposition ourselves to create more profits in the upcoming market. Let's encourage each other.

On the daily chart, the market has moved from ending the range to now rising above 94,000, with a strong rebound over three days. I remain cautious regarding claims of a bull market returning. From a sustainability perspective, whether it’s linked to U.S. stocks or gold, there aren't conditions for a direct breakthrough to new highs. For the overall risk market, liquidity constraints still exist. I still believe this is a rebound, not a reversal, and the Federal Reserve has not clearly signaled market liquidity. This wave of pullback from the high has already been deep enough, but time is still insufficient; we need a longer consolidation period to digest profit-taking and trapped positions. In the short term, a positive sign is that the net inflow of funds into BTC spot ETFs has been increasing, along with the total market value of stablecoins. Generally, in the current situation, above 90,000, the primary focus should still be on risk control. It is important to note that on the daily level, as the market rises, technical indicators show that MACD is at a high point in a bullish cycle, and RSI is showing overbought conditions, indicating expectations for a pullback to correct the indicators, but we cannot confirm when this will happen, so we should keep an eye on it.

On the four-hour chart, the market is maintaining a high-level range with slight pullbacks. The technical indicator MACD is contracting at a high bullish position, with the fast and slow lines about to cross below the zero axis, indicating an impending entry into a bearish cycle. In the short term, the market is running below the MA7 daily moving average. It is important to note that the short-term support is around 90,300, with downward trend support at 87,500. From the perspective of liquidity, after the rise above 94,000 and clearing the densely packed short positions, the shorts seem to have quieted down, while the longs below are starting to gain strength, forming a long distribution around 86,000.

In terms of operations, if the market reaches around 93,200-93,500 during the day, we can consider entering a short position to look for a pullback, adding to positions near 94,500, with a stop loss at 95,200, targeting 90,300, and continuing the shorts to 89,000-88,000.

For Ethereum, around 1,785 is a position to consider for layout. Generally, Ethereum struggles to keep up with Bitcoin during upward movements, but it definitely can keep pace during declines.

【The above analysis and strategies are for reference only. Please bear the risks yourself. The article is subject to review and publication, and market conditions change in real-time, so the information may be outdated. Specific operations should follow real-time strategies. Feel free to contact me for discussions on the market.】

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