Am I going to have to close my short position after 2 weeks to save myself?!

Daily level 74 double bottom support, the first touch at 74 rebounded to 6000 points, after the second dip at 74, it accelerated upwards for a month, eventually rising to 1058, the highest point since February. Similarly, after reaching 1058, it retraced to 5000 points to 1006, and then surged again to 1050. This movement shares similarities with the previous double bottom structure; it is possible that the double top corresponds to the double bottom. I’m not saying it will definitely be like this, but the signs indicate that caution is advisable: sell when the crowd is noisy, buy when no one cares.

Another point, I don’t know if everyone has noticed, but recently, whether in the cryptocurrency market or other markets, such as foreign exchange, stock markets, futures, etc., except for gold which has recently declined, all have seen significant gains, including our A-shares as well. It is evident that global liquidity has increased, coupled with favorable news regarding Sino-U.S. trade.

In the cryptocurrency space, various favorable policies and institutional entry, combined with the impact of the broader environment, everything seems reasonable, yet seems unreasonable at the same time. To put it bluntly, entering the market now means you can make money, which brings a sense of fear; perhaps it is a lack of understanding on my part. If I can’t comprehend it, I will pause, and there’s no regret; the market is always there, just afraid of running out of ammunition.

To keep it short, Monday dropped, Tuesday rose, and today, Wednesday, is likely to see a decline to shake out positions, with support below at 1010-1005. If it breaks below 100,000, the defense fails. The upper levels are 1055-1060-1065; signs of a double top cannot be ruled out. Consider both long and short positions and act according to your capacity.