Let's talk about my current operations:

I sold some Bitcoin spot at 97,000, as it approaches the strong resistance at 100,000. I don't think it will easily break through that level. If it gets close to 100,000 again, I might consider a short position.

For the short term, we have favorable non-farm payroll data, so I opened a few long positions. I got a bit greedy, aiming to take profit at 98,000, but it didn't reach that level, so I had to close some positions just above 96,000. If Bitcoin pulls back near 95,000, I think it could be a good opportunity for a short-term rebound.

So, my focus for short-term trading is to short near the 100,000 resistance and go long near 95,000. Generally, it’s not easy to break through significant support/resistance levels, so we can try to make a few trades back and forth; that’s the short-term strategy.

However, as for my long-term position, as I said, I’m reducing my holdings. I previously urged everyone to buy the dip during the sharp decline, especially for SOL and ETH. Now, I’m not saying to buy the dip anymore; I want to slowly sell some off, though I did add a bit to some altcoins, hoping that if Bitcoin breaks through, we might see an altcoin season for one last push.

Finally, Shuqin wishes everyone a happy Labor Day. I, as Shuqin, will still be monitoring the market during Labor Day, so don’t worry; Teacher Xiao Qin will update everyone on operations every day~ ^-^