The market has been a bit dull these days. Mainstream coins have all entered the "Sage Mode," with BNB stuck at the $1000 mark and unable to break through. That resistance level is as hard as an ex's heart. Bitcoin has pulled back slightly from yesterday's $96k. Looking at the entire market, trading volume has significantly shrunk. Without sufficient momentum, it's hard to see a decent upward trend. Currently, we're just waiting for a clear market signal.

Speaking of specific coins, a certain top-tier token has fallen for two consecutive days, dropping from a high of $0.29 to around $0.21. Some friends in the group have shorted and made a profit from the spread, but such market conditions may not be sustainable for long-term replication.

A few days ago, the new coin FOGO experienced a sharp drop and shakeout after opening, then rebounded about 33%. But honestly, this kind of rebound is mainly driven by short squeeze activity, not a genuine improvement in fundamentals. I advise everyone not to chase highs, especially in new coin contract trading, as it’s very easy to get caught in both long and short traps. Risk and reward always go hand in hand.