As previously discussed, Bitcoin ($BTC ) indeed rose to the range of 69500-69600 USD after breaking through the resistance level of 68400 USD, just as expected. Now, I want to emphasize that my main strategy for the subsequent movement of Bitcoin will be to hold short positions.

In the chat room, we have already entered some long positions when the Bitcoin price exceeded 68000 USD, and we took some profits when the price rose to 69200-69300 USD. For Ethereum (ETH), we established long positions in the range of 2640-2650 USD and also took profits twice when the price reached 2700-2750 USD. Currently, the remaining positions have been set to breakeven stop loss.

The price level of 69500 USD could indeed be the market top. From a technical standpoint, the fifth wave in the five-wave extension might have been completed around 69500 USD. However, we cannot confirm this yet and will need to wait for subsequent candlesticks for further confirmation. If 69500 USD is confirmed as the peak, it will create a suitable right-side trading opportunity to initiate short positions. If the price continues to rise, then it may be worth considering establishing short positions in the range of 70700-71700 USD, but be sure to use lower leverage. Specifically, an initial position can be established at 70700 USD, and then additional positions can be added at 71700 USD, after which the remaining positions can be held to wait for further market developments.