In the early morning, $BTC quickly rose by $3,000. Are we going to touch $98,000 again? The previous day's discussion among bulls and bears was thankfully not a face slap.

😄

However, there is still a monetary policy meeting tonight, and it is highly likely that they will maintain interest rates without a cut, as the market expects.

Then there will be old Powell's speech, which probably won't be very dovish. The volatility tonight is definitely going to be large. Although the state strategic reserve just passed, which is a positive factor, the sentiment from tonight's monetary policy meeting is likely to be greater.

According to the URPD data chart, standing above $98, around $98,500, there isn't much significant pressure from large positions at that price level.

But tonight's volatility is destined to be large. Perhaps the direction for the next few weeks will depend on tonight.

The previous discussion among bulls and bears was quite refreshing; I don't personally recommend continuing to leverage long positions at the current price. What if the sentiment turns negative?

As for low-leverage short positions, let's wait and see the situation tonight. If you must open a position, at least try to set the liquidation price above $106,000.

If the sentiment tonight is not favorable for shorts, quickly cut losses and exit.

If it is favorable for shorts, hold steady and wait for a pullback.