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The recent market fluctuations have indeed been quite intense. Bitcoin has dropped from 94,500 all the way down, smashing over 5,000 points in a short period, now touching the 90,000 level. To be honest, this level has some support, and many friends with short positions might consider reducing their holdings first. As for the rebound, I am also contemplating whether to try a reverse operation. After all, there have been too many lessons from chasing highs and getting trapped. Waiting until near support to act is the hard rule.
ZEC's performance has been quite miserable. Its previously strong momentum has now fallen into a complete collapse, dropping to around 400. From a technical perspective, there is some support here, but honestly, no one dares to bet on how much it will rebound. If you have short positions, consider taking partial profits gradually, keep some positions to watch, and if it rebounds, adding more shorts is not too late.
Next is WLFI. This coin's price movements are not very obvious, but its positive news period will end on January 24th. After this date, the positive news will be fully realized, which usually marks the beginning of a top. I plan to gradually build short positions on it over the next week whenever the price surges, using long-term 1x contracts. No rush, as we hold the advantage. When the positive news is exhausted, the ZEC story might play out again.
The overall strategy is: continue holding the long-term shorts, planning to hold until the January 27th interest rate meeting, when the expectation of no rate cut will become a new negative factor. In the short term, you can flexibly reduce positions, especially during rebounds, but don’t be fooled by market noise. Stick to the plan, and you’ll be the last to laugh.