To be honest, no one is playing in the current market! So I got a bit impatient and played twice, which makes me a 🐶!

According to the current situation, there really is no need to open a position; this position is truly stuck in limbo, making both long and short trades reasonable, and it’s the time when both bulls and bears meet to call each other 'idiots' the most.

Reason for short position: The highest point this time at 112 is just near the weekly level top trend resistance line, and the consensus for selling is very strong; there have been two peaks with a decline, and the second peak is significantly lower than the first, which also aligns with the overall bearish trend logic.

Reason for long position: From the daily chart, it presents a box structure, and has quickly rebounded three times around 100K, indicating a very strong buying consensus near 100K. A daily level pullback of 10-15K is not the first time, and as long as it doesn't break below 100K, the overall trend remains bullish. Once it breaks and holds above 112, the current formation can also be referred to as a 'bullish continuation.'

Therefore, whether you are bullish or bearish is understandable, but if you decide to short or long at this moment, be cautious; manage your position and play it safe, don’t get too carried away! I also enjoy trading contracts; the difficult part for contract traders is not how to open a position; it’s how to control themselves from opening one!

In such situations, I generally use a small position to scratch the itch and feel the changes in the market. Since both bulls and bears can play, don’t overcomplicate your strategy; focus on going long near 100K and short near 112. So, if we are around 1055, then we can only 'do what we love to do'! Otherwise, do you really want to go all-in recklessly? $BTC