Bear market trap or bull market resurgence? Don't make a misjudgment.

This rebound in Bitcoin is a bounce after a sharp decline, not a reversal of the situation. I will go short again around 116,000.

The short-term rebound target of 115,000 that we operated on the weekend has been achieved, but I want to see if it can reach 116,000. At that point, I will short again.

Don't say I'm being hindsight; we clearly stated on Saturday and Sunday that a short-term rebound was coming, and not to chase shorts but to take advantage of the rebound. I didn't enter at the very bottom; BTC has indeed been oversold to some extent, but that doesn't affect its subsequent rebound.

However, if you think this rebound indicates the bull market is coming back, let me tell you, don't get your hopes up. The bottom hasn't been reached yet. I'm still bearish in August; it's just that the cryptocurrency market won't drop in a straight line. There will be a lot of fluctuations and rebounds in between, expected to go up and down for a few weeks before it's complete. This is our opportunity to profit.

In the short term, I hope to short around 116,000, closely monitor the movements of the main force, and everyone can also make more operations.