My trading approach remains the same: primarily short, with dips used to add long positions as a supplement. The government shutdown issue has finally come to an end, and US stocks may rebound accordingly, seemingly indicating that the negative news has been fully priced in.

However, the technical situation remains unchanged — Bitcoin has not yet broken through the 116,000 to 117,000 range, market liquidity is still tight, and the large capital outflows continue. Based on these factors, I continue to hold a bearish view unless there are substantial changes in the above conditions.

Looking at the liquidation map data, a large number of positions are accumulated between 113,000 and 117,000. It’s likely that the market will revisit this range for a sweep, increasing the probability of trap setups for long positions, which we should be cautious of.

Considering recent market movements, the rebounds of #NFT领域强势上扬 and $BTC might be building up for a major move, and Ethereum’s strength has already started to show, which has been validated.

Therefore, if you hold long positions or spot holdings that are underwater, it’s advisable to reduce your positions on rallies. I will gradually take profit on the Bitcoin longs at 101,000 and Ethereum longs at 3,350 as previously suggested.

I plan to gradually build short positions, starting with light positions to test the waters and then increasing to heavier positions, especially in the core zone between 113,000 and 117,000. Of course, if the trend reverses, I will cut losses immediately. That’s the logic of trading.