Recently, the market trend has been entirely driven by news sentiment, with negotiations starting and stopping, then resuming again. A wave pushed the price up to the 74,900 level, causing the bears to cut losses or get liquidated, trapping many long positions. All the longs that were caught are now starting to realize profits. Can the bears not suffer from hardship? A rebound is not a reversal. Don’t assume the bull market is here just because of a rally; be cautious about rushing to chase the highs for fear of missing the boat…

Under this kind of trend, conservative traders can choose to wait and observe. Chasing the rally, in my opinion, is not very wise. The previous high resistance is near 76,000, and negotiations could collapse at any time. Once there’s a slight change in the situation, a sharp sell-off from high levels is very natural. For those leaning towards the left side, the shorting opportunity has already arrived. The previous high is around 76,000, which is a recent peak. If you’re close to this level, and don’t take a short position, then where else can you short? Once the price pulls back from this level, returning to the 70,000 mark or near 65,000 is a normal correction, and there’s quite a bit of profit in this range. So, if you can manage your positions well and tolerate short-term floating losses, then shorting is the way to go. Getting caught in a drawdown or experiencing a small floating loss is very normal.