The current market is too exciting. Bitcoin just rebounded to 114,000 in the early morning and then encountered a waterfall again. Can we continue to go long?

Our current strategy is to go long around 111,500, then take profit at 113,000 and 114,000 to go short, making back-and-forth trades. This has been discussed by Shuqin since Monday, and so far it looks like it's being executed quite well, having gone back and forth 3 or 4 times.

However, given that ETH and these coins have fallen below previous lows, this time is relatively dangerous, and a small position is advisable. If it falls below 111,000 and cannot recover, the next support level will be above 107,000-108,000, and when it reaches there, we will continue to take advantage of the rebound, which might be quite substantial.

Our operational logic has always been very clear, and we have escaped at the peak of interest rate cuts to short, and the current major correction is expected. We are opening trades vigorously every day!