The market has reached this position, and we need to calm down and have a good chat. Recently, the market has clearly been acting strangely, with daily level pullback signals emerging—each high point is lower than the last, and the MACD death cross has also appeared, which clearly indicates a need for a pullback!
I know many brothers are bullish, but we must be realistic. It is correct to be bullish in the long term, but in the short term, if there is a pullback, we must short. The big players are best at cultivating our habitual thinking; when we all think "this time it definitely has to go up," suddenly there’s a sharp drop to harvest. Right now, funds have been quietly escaping the market; each rebound has lower volume, while the declines have higher volume—this is clearly a trap to lure in buyers.
Specific operations:
In the short term, you can try shorting around 103500, with a stop loss at 105000 and a target around 100000.
If you are too timid to short, then just lie flat and observe.
For spot buying, don’t rush; wait for a pullback to the range of 95700-92000 before slowly entering.
Remember, the market is like the seasons, there’s no market that goes up forever. Although the big trend is upward, there will definitely be pullbacks when it’s time to pull back. What we need to do is respond flexibly; go long when it's time to go long, and go short when it's time to go short. At this point, chasing long positions carries too much risk; it’s better to patiently wait for better entry opportunities. The market is never short of opportunities; it lacks patience in waiting for the right timing!