Since the judgment on May 3rd, we have repeatedly warned about the possibility of a false breakout structure in this round. It was also mentioned again during last night's live broadcast. Currently, the market sentiment is clearly bullish, funding rates have turned positive, and altcoins are collectively rallying, indicating the market has entered a heated state. The more this happens, the more we need to be cautious of a pullback risk after the bulls' concentration.

On Monday, the price has already risen to the 81,800-82,500 range, filling the 1-hour level gap, followed by a correction. The gap has now been mostly filled, and the market is approaching a critical point.

From a liquidity perspective, bearish liquidity is mainly accumulated around 82,400. After today's upward exploration, bearish liquidity will be heavily consumed, and the market will lack opposing orders, leading to an imbalance between bulls and bears. Meanwhile, the main force continues to distribute chips in the 80,000-82,400 range, with open interest gradually decreasing, indicating that the main players are exiting while retail investors are taking on positions.

Overall, the short-term upward space is limited, and risks at high levels are accumulating. In terms of operations, it is not advisable to chase long positions; existing long orders can be held. Our trend short positions are still held, having been laid out early since May 3rd, and we have been emphasizing this structure to brothers. If you still want to enter the market or are unsure how to position, you can contact me at any time.

Buy Bitcoin directly short around 80,500-81,000, target 78,000
Watch for volatility around 76,000
Short Ethereum directly around 2,330-2,340, target 2,250
Watch for volatility around 2,200