BTC surged strongly in the morning to 1082, then retraced temporarily to a low of 1069. It is still moving very slowly. If the next few trading days continue like this, I personally believe there is a risk of a significant drop.

The logic is simple: on Monday, there was a strong breakout, followed by a slowdown, combined with various recent positive news, such as peace in the Middle East, expectations of interest rate cuts, including the situation with Guotai Junan.

With the market responding to the news, my understanding is that it will continue to break out strongly, with this wave aimed directly at 110,000, or even higher. However, the market reaction is clearly not aligned with that.

In fact, this wave has retraced to 108, up by ten thousand points, and the bears have basically been liquidated. There isn't much left to go up; after accumulation is completed, a wave of sharp selling is naturally expected. At least before tariffs and interest rate cuts are finalized, there is a high probability of a crazy washout.

In any case, from my perspective, I won't chase long positions at this stage; I will only consider shorting near the strong resistance level. Even if I have no positions, I will observe and won't act rashly. Tonight, I will only consider entering near the strong resistance at 1085-1088, without any other considerations. $BTC