After the large pancake at $BTC hit a low near 74500, it did not experience a double dip, but instead surged all the way up to around 104000. It can be said that it has completely V-rebounded, completely departing from technical aspects, support and resistance, and technical models are of no effect. Is it really going to rise like this without any pullback? I believe there will definitely be a pullback, after all, it is a rise driven by news, and its sustainability is limited. However, the space is indeed too aggressive, and there will still be favorable news like interest rate cuts ahead. The monthly line in May did not retrace; it completed the trend at the beginning of the month and continued to rise afterwards, making technical analysis unnecessary. I don't think it is possible for such weekly and monthly lines to rise directly without a pullback; the higher it goes, the greater the risk, and a sharp drop is inevitable. From today's closing market, it seems that there will still be further highs above. Pay attention to the upper resistance: 105600/107700/109600, and lower support: 100100/98800/97500.

There is no such thing as a perpetual winner in trading. Although I have been profitable every day this month, a stop-loss trade still makes me feel quite uncomfortable. The large pancake at 93500 also opened at a very precise position, LTC also opened at 81.30 at a precise position, and Auntie also opened at 1756 at a precise position. All were exited after making a profit; we just did not get the final gain. The only losing trade in 8 days contributed to the large pancake. I don't want to talk about the win rate, but taking a losing trade still weighs heavily on my mind. However, fortunately, it was a loss; otherwise, everyone would be crying today. No technical aspect can stand against a single word from Trump. The market is ever-changing; we must respect the market. There is no perpetual winner; managing position size and stop-loss is extremely important for any trade.