The expectation of interest rate hikes in Japan has led to a second bottoming in the market. Recently, the overall market has experienced a rebound driven by multiple positive factors. These positives mainly include the opening of trading for the Bitcoin ETF by Vanguard Group, Bank of America approving an allocation recommendation of 1-4%, personnel changes at the Federal Reserve triggering expectations for a shift towards monetary easing, CZ publicly expressing bullish sentiments to boost market confidence, and the nearing window for interest rate cuts in December, among other factors, leading to a rapid price rebound to around 94000 in recent days.

Although $BTC has rebounded by 13% in the short term, I still believe it is a case of an oversold rebound. This month, I will only consider the possibility of a reversal if it can stabilize above 10W; currently, I judge that breaking through 10W is extremely difficult. I plan to add some short positions if $BTC rebounds to the 95000-97000 range this month, and add short positions if $ZEC rebounds above 400, while continuing to hold a long-short strategy thereafter. #BTC