The overall market downward trend remains unchanged. There has been no major shift in the news or the policy direction, so the logic stays the same. That’s why I’m more inclined to take short positions. In other words, every rebound is treated as a long-trap (a setup that lures people into going long). And the opportunities to short are also at these high levels. Of course, it’s not out of the question that misleading long-trap news gets released. In addition, the U.S. Senate Banking Committee will move forward with a vote on the nomination of Kevin Waugh. Whether he takes office or not, there is a potentially huge “risk point.” And his policy direction is not favorable to the market. Right now, the market is also waiting for news and seesawing back and forth. Once the short-term direction is confirmed, whether you’re trading longs or shorts, be careful: either it will be a waterfall sell-off, or it will be a vertical surge upward. So set your stop-losses properly and protect your money bag. $BTC