Originally planned to calm down for a few days, my tongue was on fire and I couldn't speak fluently, making it impossible to live stream these days. I have to respond a bit. A few days ago, I mentioned that BTC might pull back, and today the price shot up to 104,300. A few short sellers who failed started cursing in my comment section. In the third image, I also reminded that shorts were not going to work a couple of days ago. We ourselves are holding long positions for BTC at 77,000. Above 95, there is an attempt to defend short positions. From a strategy standpoint, there is no issue at all. Attempted shorts at 97,500, took profit at 95,900 once, then attempted a short at 99,000 yesterday during the day (994 is a resistance level), but the market felt off, so we withdrew our short at 99,500 and did not short again. If 994 breaks, then the price must go to 102,000 or even higher.

Currently, the high point of 104,300 is within expectations. The level of 104,000 was a pivotal point between long and short in January and also the previous closing price before the BTC candlestick entity, so this is a key resistance level for shorting that needs attention. After BTC went above 98, I stopped chasing longs. We are adopting a high short defense strategy. Even if you trade long in the short term, from a strategic standpoint, going long above 95 is considered chasing longs, which is not advocated on the trading level.

On May 5th, I mentioned that the market would be relatively complex. The big coin wanted to pull back, ETH's upgrade is beneficial, and the Fed not lowering interest rates is bearish. Chasing longs has always been a major taboo in trading, even in a bull market. The situation of price spikes in a bull market is common. I believe that not only I adopt a high short strategy in the market. I called for a bull market on April 8 and established positions for BTC and ETH around 74,600, with profits in the tens of thousands of U. Currently, still, no long positions are taken without a pullback. The long-term support level is above 92,000 for BTC, which is the 0.5 Fibonacci retracement position for BTC. I have mentioned the level of 86 before, and that level still needs attention (a major support level). The time scale may take around a month.

Lastly, let me reiterate: trading should not resist positions, which is the eternal golden rule.