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Bullish momentum can be described as wave after wave, leaving little room for bears to breathe. Bitcoin has been steadily advancing and successfully breaking through the 70,000 level, clearly boosting market sentiment, and the short-term trend is also showing strong performance.
However, in this continuous upward rally, the higher it goes, the more selling pressure accumulates above. The current rise is mainly driven by sentiment and momentum, and the risk of chasing the top is constantly increasing. Therefore, for the future market, my personal approach remains unchanged: maintaining short positions at high levels is still the main strategy.
Of course, after this strong surge, trading needs to be more flexible than before. It’s no longer appropriate to view the trend as purely bearish; instead, more attention should be paid to rhythm and space management.
It is recommended to focus on shorting from high levels and taking long positions at lower levels, looking for shorting opportunities near key resistance levels, while participating in rebounds during dips to important support levels. Follow the rhythm and avoid blindly chasing gains or cutting losses.