Recently, the market looks strong but actually just finished warming up. The general direction is upward, but most coins have already surged to the first wave of high positions and are now hovering around.

Bitcoin has surged from 83,000 without taking a breath. Logically, it should have retraced to clean up the followers' longs by now, but so far, there hasn't been that classic pattern of a sudden drop of ten thousand dollars.

In the spot market, don't rush in; if you really want to enter, wait for a decent pullback—ideally, a drop of 15%-30% from the current price would be a comfortable entry point for the next wave.

Although the trend is upward, it doesn't mean to blindly go long. You can still short when necessary, but primarily follow the trend and only counter-trend as a supplement.

At this position, what's most taboo is chasing highs and cutting losses. If you're not confident, it's better to sit on the sidelines; the market is always full of opportunities.

Remember, the main upward trend has just started, and there will be plenty of profits ahead. The key is not to get thrown off the bus during the retracement. The more it is like this, the more stable you need to be; it's better to miss out than to make a mistake. When a real opportunity comes, you'll definitely catch it!

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