It has already started to decline, breaking through several small support levels in a short time, which is a good phenomenon. This trade has been really exhausting; I started calling for a short position last Friday, and throughout Sunday and Monday, the position has been continuously adjusted (the direction has not changed).

Fortunately, most friends have already raised their BTC entry price above 85,600, and the entry price for SOL has been raised above 133.

Today, the US stock market opened high and then fell, which aligns with the conclusions I provided on Sunday and Monday. If the tariff resolution is a sustained small positive impulse, it would be a drop in the bucket for the overall market, and there won't be significant increases. At the same time, once the market gets used to such small stimuli and develops “drug resistance,” then positives will no longer be positives.

From the low point of 74,500 to 86,400, it has already moved up 12,000 points with basically no pullback. This kind of increase basically indicates that the main force has limited funds for this round; next is the old routine: a choppy washout, creating lower lows, generating panic, and tricking people into giving up their chips. Only with enough chips can a rally happen, as the large number of trapped positions above are seen as meat by the main force.

Although the current market sentiment has shown some recovery, the short-term options market still leans towards bearish.

Today, the good news is that after five days of grinding, I no longer have to be a psychological therapist. The latest positions given in the afternoon have also started to show floating profits, but to eat a big profit, patience is still required.

PS: Interestingly, while watching the market in the afternoon, the SOL 1-hour chart formed a head and shoulders pattern; I drew the lines, and just now when I looked again, the head and shoulders pattern had formed. Funny~~~

All points in the square were given in advance, with no hindsight calls. Historical articles in the square can be checked; everyone is welcome to exchange and discuss together.