Yesterday, I temporarily dug out an old computer to play games. As soon as I returned, I saw a bunch of friends in the community shouting "The sky is falling." Actually, after a big drop, there is usually a rebound, and even in a sideways upward market, pullbacks are unavoidable. The problem is that many people start blindly adding positions at the sight of a pullback, which is a big taboo.

From the current single-line perspective, the bullish pattern has not yet completed. It is important to focus on the small resistance zone around 954-956. If this area is suppressed for more than 8 hours, it is very likely to trigger a 1-hour level correction. Starting from the previous high of 968, the correction space is roughly around 930. But if this level cannot hold, there’s nothing to do but grit your teeth and hold on.

Interestingly, a few days ago, I saw that some large institutions had not yet fully moved their BTC into the chain. Doing "things" at the lowest liquidity moment after the US stock market closes, at the junction between daily and nightly trading, does resemble last December’s routine. How long this can be maintained is anyone’s guess. Anyway, the recent market movements over the past week are mostly driven by micro strategies.

Here’s a reminder—don’t fall into path dependence. Don’t increase your positions each time an analyst gets it right for a few times. The market’s rule is this: it often starts rising amid doubts, and begins to correct when everyone believes it won’t fall. Some analysts are only suitable for sideways markets, others only for trending markets, but that’s not their main source of income. Unlike them, I just hope you can live long enough.

Those "experts" who burst onto the scene during a certain wave of market movement are basically like shooting stars—just look at them. When they are worshipped as gods, they start to harvest the rippers; when they fall from grace, they’ve long since fled with the funds. The group that gets caught in the trap is hard to comment on.

If the price rises, gradually reducing positions is the correct approach. Cutting one-fifth or one-third at a time, slowly raising the stop-loss. It’s not about selling everything at once; you must keep some core positions—whether long or short. If longs are trapped, take the opportunity to slowly clear them. Don’t think, "I’ve been trapped for so long, I must get a big result," to feel satisfied. Managing your position size well is always more practical than dreaming of huge gains. This market is about surviving long, not about making a lot of money on a single trade.

Technically, if the 4-hour candlestick closes above 960, a new upward move will start. Otherwise, this zone is the critical threshold, and breakthroughs will be difficult.