The rapid rise of Bitcoin in the past couple of days may be due to the cryptocurrency summit on Friday, where Trump will announce the BTC reserve strategy at the White House.

Today, Bitcoin Long Brother mentioned at the peak that it would drop to a defense level of 81,000, with a minimum tonight at 81,200, followed by an immediate rebound. WIF mentioned a few days ago that it would retrace around 0.51, and it dropped to a minimum of 0.5366. If you followed Long Brother's articles on the basic market trends, you should have a firm grasp of it!

Long Brother also talked about the issue of opening hedge positions, which is actually quite simple. You just need to look at the high and low points he mentions to open long and short positions. Simply put, it’s about selling high and buying low, but you need to identify the key positions. For tonight, if you want to open long positions around the low point near 81,000, the previous high point of 84,900 is also a key position. This way, you can profit from both long and short positions. The premise is that when opening long and short hedge positions, you must manage your position size, and also maintain the right mindset. Most importantly, wait for the market. Tonight, Long Brother didn't trade Bitcoin; he was focused on WIF, and the profits were decent. However, Long Brother thinks there might still be another wave of retracement for WIF tonight. It’s 2 AM and I'm not holding positions anymore; I’ve placed a long order around 0.51-0.53 and I’m off to sleep!