Happy Labor Day! Wishing everyone doesn’t have to work! Financial freedom—A-shares will be closed for 5 days for May Day. Funds flow into the crypto market and it rebounds. The main factor preventing Big Cake from falling further is that it is currently being propped up entirely by the strong U.S. stock market, and there are too many short positions: for 50 consecutive days, the funding rate has been negative. Dog whales won’t let most people make money—only a small number of people will profit. In the 4-hour timeframe, there hasn’t been an effective breakout of 77900, and the bulls are showing weakness. Next, once the U.S. stock market experiences a pullback and liquidity is withdrawn from the crypto market during the June World Cup, the crypto market will fall very rapidly. In the short term, 77.5K here is the best spot to short. Once leverage in the market starts switching from liquidating shorts to liquidating longs, the market will enter a rapid sell-off rhythm and won’t give you a chance to rebound and get your position back to safety.