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After experiencing this strong rally at the beginning of the week, I believe many friends in the crypto community are now stuck in a trapped position. Many people have short positions on Bitcoin stuck in the 77,500–79,500 range, and Ethereum shorts are also deeply trapped around 2,200.
Here, I want to give all you family members who are trapped in these positions a dose of peace of mind—there’s absolutely no need to be overly anxious. The market correction cycle is already nearing; at most, you may only need to wait three to five days, and there’s a good chance the positions that are trapped can be successfully unwound.
The next key turning point will be after the end of the “Yellow Hair’s China visit.” By then, the market will likely see a trend reversal, and the bearish market will gradually return. So, for now, please don’t blindly cut losses and hand over cheap chips.
If you’re also currently deeply trapped in a position and don’t know what to do, you can directly leave your specific entry/position levels in the comments, or attach a screenshot of your holdings. I will do my utmost to help everyone plan a free unwinding solution, so you can get back your losses and return to stability.