Last night's CPI data was released, and Bitcoin shot up directly to 96,000. The consensus on a Federal Reserve rate cut once again took the lead. However, the current market movers in the crypto space are no longer driven by technical or fundamental factors; it's purely emotion and consensus playing the leading roles. Interestingly, those who dare to speak out about risks often become targets of criticism, and over time, no one is willing to voice concerns, leading to increasingly exaggerated data interpretations.

Last week, after falling from 94,000 back to 90,000, many still tried to replicate last month's script. However, after oscillating between 90,000 and 92,000 for a few days, a sudden strong rally wiped out the short-sellers. During that period, I kept urging everyone to add to mid-term long positions around 90,000, with a target of 96,000. Especially yesterday, I rarely mentioned short positions, and going long all the way resulted in good gains for Bitcoin, Ethereum, and SOL.

The specific key points are as follows: In the early session, relying on the critical support level of 91,000, we took 90,000 as the dividing line between bullish and bearish. After breaking 92,500, it was time to decisively abandon short positions. Coupled with the CPI positive news, the market directly broke through 95,000 to the upside, and long positions were smoothly closed out. But there's an even more important issue: the final decision in trading is never about how many times you get it right, but about who reacts faster when changing your mindset. Whether to step out of a bullish framework—that's the key to long-term wins and losses.

Currently, Bitcoin is stuck at the resistance level of 97,000 near the previous high. Whether it can break through this barrier to continue rising or will pull back for a correction, there's no need to guess blindly or rush to conclusions. The key is to ask yourself two questions: What’s the next step if the level breaks? What are the contingency plans if it doesn’t? The core of trading analysis is not guessing but preparing in advance for structural changes and planning accordingly.