From the long position strategy of坚持做多 from 87,000 all the way up, after reducing positions above 96,000, the trend shifted to a short position. However, yesterday's market indeed exceeded expectations, riding the wave of the Federal Reserve data release, the US session surged straight to around 98. Although the community also suffered some losses, the fundamental judgment remains unchanged—Bitcoin's extreme resistance level is around 98,000, where a correction is expected.

Currently, the community's short positions around 97,500 are in slight profit, with the first target aligned at the 943 level. If traders do not hold short positions, they might consider entering around the 968-975 range, with a stop-loss set above 98,000.

To be honest, many people might think about last night's big rally like this: "Hold on a bit, it will come back in the morning." Such thinking is not advisable. You might hold through 10 times, but a liquidation only takes once. The market has no mercy; respect the volatility, and never rely on luck to make decisions.