Bitcoin yesterday shorted at 70,000, Ethereum shorted at 2,100—both can be held. As mentioned last night, after adjusting to a capital-preserving loss, continue to watch the support levels at 67,000 and 2,000. If you are already holding, you can continue to hold. If you have exited the position, there’s currently no opportunity to re-enter!

Bitcoin’s lower upward trendline has not been broken for now, so chasing a short is not suitable. Shorting below 70,000 near the trendline support is not cost-effective. Additionally, whether on the 4-hour or hourly chart, indicators show a bearish trend, so this position is also not suitable for going long. If after a long period of consolidation, grinding, and testing, the trend has not been effectively broken downward, then attempting a long position might have a higher chance of success. For now, the time is not right!

Trading often isn’t just about going long or short. Many retail traders simply can’t control their impulses. When they see a short position closed, they panic, fearing they might miss the sudden move and miss the entry. But not entering is better than entering at the wrong time. Not entering won’t make money, but entering the wrong position will lead to losses! Some levels only require observation and waiting. If it breaks downward, short; if it doesn’t break and rebounds, then go long. Most of the time, it’s about waiting and watching for the right entry point…#Gate正式接入Polymarket $BTC