First, it leveled off and started to fluctuate. When the US stock market opened, it didn't rise and then fell slightly on low volume. Subsequently, it continued to decline with shrinking volume. For the forecast of the latter half of the night, it should pull back slightly, expected around 4-8 o'clock, and then there will likely be a panic sell-off above.

The market maker is expected to slightly break through the excessive short positions after the big brother pulls back. Currently, there is basically no selling pressure above.

Of course, it is also possible that there will be no pullback and it will directly eat the long positions. After all, there are still more than 300 million in long positions at 92.

Overall, today's volume is a bit large. However, the participation of retail investors in BTC spot trading is low; it's basically dominated by large players, institutions, market makers, and big brothers. Retail investors are mostly in contracts. Therefore, the volume can only serve as a reference.

Finally, I want to encourage myself that today I achieved unity of knowledge and action in both operations. Keep it up!