May 9, 2026

The price of Bitcoin has returned to 80,000, and Ethereum has also gone back to 2,300. In fact, it's just moving within a range of fluctuations. I believe this is a necessary step to continue breaking through.
The recent rebound has a background, which is that U.S. tech stocks are surging wildly, undoubtedly showing a state of FOMO.
Although if U.S. stocks crash, it will drag down other risk assets, and the crypto market cannot be immune, I think this instead indicates that funds are currently buying in. Because of a simple logic: funds are pouring into high-tech companies in the AI field, and the rise in the crypto market is definitely driven by rational capital.
Let me talk about my operations. Previously, I treated this wave of rise as a rebound trend. If it can break through, that would be the best. I set the upper limit for Bitcoin during this rise at 100k, but I will gradually reduce my holdings during this upward process, including the grid trading I’ve been doing. Over the past month, I’ve passively sold quite a bit, and my overall position has dropped to 80%.
Next, if the price continues to rise, I will keep selling. It’s not that I don’t want to hold long-term, but I judge that in the second half of this year to the first half of next year, the crypto market will experience a more intense downward move. The rebound in the coming months is to prepare for a more brutal crash—that’s the pattern of every bear market.
However, objectively speaking, there are no clear signals to sell yet. The trend is still upward, and those not used to splitting positions can wait a bit longer.
Thanks for your attention and likes.